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| Carey Olson Maintains Guernsey Market Dominance |
by Jason Gorringe, Tax-News.com, London
Friday, October 30, 2009
Carey Olson has been confirmed as the Guernsey legal adviser with the largest
market share in Guernsey-domiciled funds for the fifth consecutive year, according
to the Lipper Fund Encyclopaedia.
The results, published on October 27, 2009, show that Carey Olson represents
50.18% of funds domiciled and serviced in Guernsey for the period May 2008 through
to June 2009.
Since 2005, Carey Olsen has maintained its 50% share year-on-year, according to the Lipper publication.
Commenting,
Graham Hall, partner and head of Carey Olsen’s corporate team in Guernsey,
stated that:
“Our funds team is very pleased to have maintained its leading position
in the local funds market, particularly against the backdrop of the financial
climate where there has been an overall decline in both the numbers of funds
launched and the asset values they hold. The market has been extremely competitive
and I am delighted that we have succeeded in maintaining our dominant position
for five years.”
The Fund Encyclopia, produced by Lipper Fitzrovia since 1995, is based on statistics
from Guernsey-domiciled collective investment schemes that are regulated by
the Guernsey Financial Services Commission (GFSC). They include open-ended schemes, qualifying
investor schemes, closed-ended schemes, as well as funds that are domiciled
and regulated in other jurisdictions.
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