Independent fund research company, Fitzrovia International revealed last week that between June 2001 and June 2002, assets under administration in Jersey grew by US$11.4 billion to US$91 billion.
In a statement accompanying the publication of its eighth annual 'Jersey Funds Encyclopedia', Fitzrovia observed that the jurisdiction's fund industry has been able to increase in size by 14% despite sustained difficulties experienced in global equity markets.
It suggested that this was partly due to 'the continued growth of private equity/venture capital funds domiciled in Jersey'. However, the number of property funds located on the Island has also increased, according to the research firm.
Fitzrovia International went on to reveal that the largest administrator of all funds serviced in Jersey is the Royal Bank of Canada, with Mourant & Co and Deutsche Bank International falling in second and third place respectively.
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