“..Built into the speculative episode is the euphoria, the mass escape from reality, that excludes any serious contemplation of the true nature of what is taking place.
That's more than €300m higher than Stockholm, the next-biggest city for startup funding, where companies raised just over €1bn.
Bill Hughes, Head of Real Assets, Legal & General Investment Management, speaking at the Jersey Finance Annual Funds Conference 2016. He spoke about:
The Guernsey Finance white paper Investment funds - why substance is key, written by funds journalist Kirstie Brewer, examines how the need to prove that an offshore fund manager has the necessary ‘substance’ to its business dealings and funct