| 12.06.2009 - Global conditions hit value of Guernsey funds in quarter one |
| From Propertyfundsworld.com: Continuing volatility in the global markets resulted in the value of Guernsey funds falling by GBP24.5bn or 12.2 per cent during the first quarter of the year, according to Guernsey Finance. The contraction took the total value of funds under management and administration in the island to GBP175.9bn at the end of March 2009. This represents a decrease of GBP27.9bn (13.7 per cent) year on year........Full Article: Source |