Lipper, a leading fund intelligence authority has listed Ipes as the second largest fund administrator in its 15th Guernsey Fund Encyclopedia, the only comprehensive analysis of service providers for funds serviced in Guernsey.
“Our listing by Lipper, and the increase in the size of the Guernsey funds industry which the survey demonstrates, speaks to the growth we have seen this year and highlights the capability of Guernsey to attract business,” said Kevin Brennan, Ipes CEO.
The report by Lipper confirmed that Guernsey’s fund servicing industry rose by more than 6% to reach 2,057 funds and sub-funds at the end of June 2009, with total net assets of US$289.4 billion (£175.7 billion).
“Notably in these tougher market conditions Ipes has benefited from a move towards Guernsey and established administrators as GPs and investors alike favour jurisdictions and service providers with a sound reputation and proven track record,” he continues.
One year after a management buy-out, private equity fund administrator Ipes has continued to grow in line with its ambitious growth targets, attracting 17 new funds in challenging markets.
“As an independent provider, which has grown up in Guernsey, we’re proud to have achieved this ranking for the second year running and it is a testament to the success of our approach.
Bolstering our management team, ongoing investment in innovative client management tools and a continued focus on client service have helped Ipes to maintain a strong leadership position,” concludes Brennan.