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LATEST COMPANY NEWS

Date:
February 10th 2010
Title:

BVI Hedge Fund Services

Contributor:
Derek Adler

Hedgeweek Special Report

Like other offshore centres for the domicile and servicing of alternative funds, the British Virgin Islands have suffered amid the industry downturn that accompanied the market turbulence of the past couple of years. However, the islands’ international law firms report that the restructuring of existing funds caught with illiquid assets is now complete and service providers are experiencing a surge of demand as existing and new managers prepare to launch funds.

Meanwhile, the BVI’s long-awaited Securities and Investment Business Act, which will bring regulatory rules into line with existing best practice, is scheduled to be enacted shortly, giving a fresh boost to the jurisdiction’s international standing. This Hedgeweek special report examines the challenges the BVI has faced as a fund jurisdiction over the past couple of years, including the closure of its best-known administration firm, and looks at the factors that are boosting the confident of local service providers as they prepare to deal with a recovery in business flows.

Please click here to read this report on our web site.

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