Guernsey's flexibility is continuing to attract fund managers, according to one financial expert.
The chairman of
Guernsey Investment Funds' Association, Grant Cameron, has said that the island is appealing due to its ability to handle alternative structures.
Guernsey Press reports that he also highlighted the island's ability to deal with private equity, hedge and property funds as a key to its "appealing jurisdiction".
Responding to a recent Financial Times article that fund managers are looking elsewhere, Mr Cameron said that "on the contrary", they are both looking to move to and reinforce their strong links with,
Guernsey.
"The quarterly statistics for the period ended 31 March support this, with £203.8bn-worth of funds under administration in
Guernsey, which translates to a year-on-year increase of 45.2 per cent," he added.
It was recently revealed that Tony Brown, the Isle of Man's chief minister, submitted a report to the Treasury to show that the island maintains the "highest standards" as a tax haven, Accountancy Age reported.
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