The Jersey Funds Association (JFA) has elected its 2020/2021 committee, with a particular focus on maintaining momentum for Jersey as the “perfect ecosystem” in the alternative funds space.
The committee was elected at JFA’s annual general meeting last month, with Tim Morgan (pictured) and Michael Johnson remaining as chairman and vice chairman, respectively, while also welcoming 17 new members.
The new members include Richard Anthony, Mike Byrne, Steve Cartwright, Ben Dixon, Mark Grenyer, Ben Honeywood, Niamh Lalor, Dilmun Leach, Chris Marshall, Robert Milner, Simon Page, Martin Paul, Tom Powell, Peter Rioda, Ben Robins, Martin Rowley and Sarah Sandiford.
In a speech delivered at the meeting, Morgan said: “The COVID-19 pandemic is already proving to affect asset classes and sectors in very different ways, but for Jersey, the essential positive message remains that we offer a platform of stability in a rapidly changing market which is borne out through very high levels of activity through the recent period covering the pandemic.”
“This is a message that the new-look JFA committee will continue to champion over the coming year,” Morgan concluded.
It was also noted at the meeting that JFA had identified specific areas of opportunity for Jersey which will be explored in the coming year, such as narrowly-held joint venture and co-investment vehicles, rather than traditional widely-held pool structures.
In addition, it was highlighted that the inward migration by substance managers is particularly prevalent in hedge funds, but also emerging in private equity and venture capital. Therefore, the committee will work to ensure Jersey is an important hub for managers with a local presence.
