The Jersey Evening Post reported this week that five collective investment funds have moved from the British Virgin Islands to Jersey under new provisions of the Companies (Jersey) Law.
According to the JEP, Standard Bank was advised by Ogier & Le Masurier over the relocation of the funds, which have a combined net asset value of £92.8 million, and are the first unclassified funds to migrate to Jersey under the amended law.
The addition of the five funds brings the total number managed by Standard Bank on the Island to 20, with a combined value of more than £1.8 billion, the local newspaper revealed.
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