Offshore: Full steam ahead
The Jersey Financial Services Commission's new proposals could bolster the development of private equity fund management on the island, says Emily Haithwaite
Despite difficult market conditions, the number of private equity funds – structured almost exclusively as limited partnerships – established in, or operated from, Jersey has seen a marked increase in the first three quarters of 2003. As with many other sectors in the financial services industry, the appetite for private equity investment is, once again, on the increase and the number of fund closings witnessed in 2003 is further evidence of investor confidence returning to the market. Further growth recovery is anticipated in 2004.
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