JERSEY’S fund servicing sector has grown by over 160% in the five years to June, according to the latest report from Lipper.

Statistics to 30 June show that the sector totalled £135.8 billion in 1,605 funds and sub funds. Lipper researchers also surveyed the Guernsey funds market and found that net assets there totalled £166 billion at the end of June, an increase of 20% on the previous year.

In terms of Jersey-domiciled funds the largest asset class is real estate funds (US$64 billion, representating 35% of the assets) followed by private equity/venture capital funds (US$41.4 billion).

In Guernsey private equity and venture capital funds are the largest domiciled asset class, totalling US$114 billion, followed by funds of hedge funds (US$34.8 billion) and real estate funds (US$30.3 billion).

Mourant International Finance Administration continues to be the largest administrator in Jersey, with US$86.1 billion assets under administration, followed by Bedell Trust Company (US$25 billion) and Rawlinson and Hunter Fund Services (US$16.2 billion).