Away from banking, Jersey plays home to a vast number of blue chip fund management groups and portfolio managers. Ashburton (Jersey) effectively spans both of these two groupings. Describing itself as an “international investment manager”, the company offers both funds and portfolio management.
One of its recent initiatives was the launch of the US dollar-denominated International Equity Fund. This mirrors the asset allocation strategy of the existing sterling fund equivalent which has attracted £120 million in investments since its launch in 1992.
Trevor Falle, Ashburton’s business development director, said at launch that many expatriates wanted to benefit from the group’s stock-picking skills but wanted to use a US dollar-based currency strategy. “There has been considerable demand both from our international clients and intermediaries to introduce a US dollar-based equivalent,” he said.
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