Carey Olsen, the offshore law firm, has been ranked the top legal advisor to the Guernsey investment funds sector based on total number of funds and assets under management, according to the Monterey Insight Fund Survey 2013.

Carey Olsen, the offshore law
firm, has been ranked the top legal advisor to the Guernsey
investment funds sector based on total number of funds and assets under
management, according to the Monterey
Insight Fund Survey 2013.

The guide said
that the offshore law firm holds 53.9 per cent of the Guernsey
market by number of funds, having advised 726 domiciled and non-domiciled funds
during the 12 month period under review.

In addition, across
Guernsey and Jersey, Carey Olsen advises the highest number of domiciled
schemes of any law firm with offices in the Channel
Islands, acting for 901 domiciled funds across the board.

The annual guide
provides a comprehensive analysis of the performance of all funds serviced in Guernsey and regulated by the Guernsey Financial Services
Commission. The report also offers an insight into the primary service
providers who are ranked by the number of funds they advise and by total assets
under management.

Karine Pacary, managing
director of Monterey Insight, said that private equity funds continue to
dominate the fund landscape in Guernsey in 2013,
accounting for over 60 per cent of total assets.

"Since 2010
each year has had a steady increase in assets in Guernsey
with 2013s total progressing beyond the previous high of 2008. Its ability to
adapt to increasing regulation, such as the AIFMD introduction, provides
evidence of its on-going attractiveness as a fund investment centre," said
Pacary.