Turnaround investor Jon Moulton has described the Covid-19 environment as the biggest disruption he has seen in his 40-year business career.
Mr Moulton, who lives in Guernsey and is Chairman of The International Stock Exchange, headquartered in the island, is one of two panellists speaking at Guernsey Finance's Virtual Funds Forum later this month.
Guernsey hosts an annual Funds Forum event in London each May, which was a casualty of the pandemic. The physical event is being replaced by a "virtual" event on the original date of Thursday 14 May. It will see an online discussion on the current state of the fund industry between Mr Moulton and Guernsey-based independent director Andreas Tautscher.
Guernsey, as one of the leading fund centres for private equity in Europe, will continue to serve most areas of the investment sector over the next few years as it recovers from the impact of the pandemic. The local industry says it has already identified opportunities for new funds with capital already committed, and expects established fund managers should continue to perform, as the investment market moves from a buyers' to a sellers' market.
Dominic Wheatley, Chief Executive of Guernsey Finance, said that Guernsey's long-established funds sector, with a full range of support services, would continue to support managers through difficult times.
"The environment for funds has clearly changed. As a jurisdiction of expertise and substance, we've still got plenty to offer for all sectors of the market. The issues facing managers and portfolio companies today are huge, but we're also seeing managers already raising new funds."
To register for the online event, please visit https://www.weareguernsey.com/finance-events/2020/guernsey-funds-forum-webinar/
For more information about Guernsey's finance industry please visit www.weareguernsey.com.
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