Guernsey’s investment industry should see a benefit as managers move to establish more parallel funds in response to investor demand. That was the consensus among panellists at the recent Guernsey Funds Masterclass in London.
Concerns about regulation and increasing costs of popular UCITS funds in Europe are driving managers to consider setting up duplicate structures outside of Europe, and Guernsey is well-positioned to accommodate that demand.
Andrew Seaman, Executive Partner and Chief Investment Officer at Stratton Street Capital, has already made a similar move. He said that managers had to respond to investor concerns about increasing costs. His company launched a Guernsey-domiciled Renminbi bond in 2007 and followed it with a UCITS version in 2013.
Source:https://www.institutionalassetmanager.co.uk/2018/02/16/261327/guernsey-funds-market-benefit-managers-look-new-structures