Gibraltar Hedge Fund Services 2008
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Articles
Youthful exuberance
Gibraltar's fund services industry is a relatively young but robust industry. Although Gibraltar fund legislation dates back years, it was the introduction of "Experienced Investor Fund" legislation in August 2005, designed for experienced, high net worth, sophisticated investors that truly made Gibraltar a serious, attractive and competitive jurisdiction. Since then, the market has gathered momentum and Gibraltar has experienced a substantial increase in the volume of fund business.
Gibraltar's fund services industry is a relatively young but robust industry. Although Gibraltar fund legislation dates back years, it was the introduction of "Experienced Investor Fund" legislation in August 2005, designed for experienced, high net worth, sophisticated investors that truly made Gibraltar a serious, attractive and competitive jurisdiction. Since then, the market has gathered momentum and Gibraltar has experienced a substantial increase in the volume of fund business.
A one-stop shop
In general, the fund industry sticks to what it knows. American managers head to Cayman, the British generally look to Dublin and European managers are likely to choose Luxembourg. This is simply the way that things have always been and the biggest challenge for Gibraltar currently is to get its name better known.
In general, the fund industry sticks to what it knows. American managers head to Cayman, the British generally look to Dublin and European managers are likely to choose Luxembourg. This is simply the way that things have always been and the biggest challenge for Gibraltar currently is to get its name better known.
The secret's out
Despite its clear advantages, Gibraltar remains largely a well-kept secret. It is one secret, however, that the government and local fund administrators, accountants, lawyers and custodians are all keen to share.
Despite its clear advantages, Gibraltar remains largely a well-kept secret. It is one secret, however, that the government and local fund administrators, accountants, lawyers and custodians are all keen to share.
Gibraltar - The all-in-one solution
Gibraltar has many advantages to offer as a jurisdiction. The regulatory regime is excellent; the fund set-up process is quick (Experienced Investor Funds can be set up in days and do not need prior approval to start trading) and cost effective. There are world class and top quality advisers and counter-parties. A number of major financial institutions are located in Gibraltar including the Credit Suisse Banking Group and the Capita Financial Group. Three of the 'Big Four' audit firms are also present.
Gibraltar has many advantages to offer as a jurisdiction. The regulatory regime is excellent; the fund set-up process is quick (Experienced Investor Funds can be set up in days and do not need prior approval to start trading) and cost effective. There are world class and top quality advisers and counter-parties. A number of major financial institutions are located in Gibraltar including the Credit Suisse Banking Group and the Capita Financial Group. Three of the 'Big Four' audit firms are also present.
Stringent but flexible regime in Gibraltar creates platform for growth
Gibraltar is a relatively young jurisdiction in terms of fund servicing, but one that many agree has a very promising future. At the heart of this promise is the fact that its regulatory regime is, as Joanne Sené, Director of VFS says, stringent yet flexible. "The first advantage of Gibraltar is the regulator," says Sené. "Gibraltar is very well regulated. We comply with all the EU directives and we have very tight standards," she adds.
Gibraltar is a relatively young jurisdiction in terms of fund servicing, but one that many agree has a very promising future. At the heart of this promise is the fact that its regulatory regime is, as Joanne Sené, Director of VFS says, stringent yet flexible. "The first advantage of Gibraltar is the regulator," says Sené. "Gibraltar is very well regulated. We comply with all the EU directives and we have very tight standards," she adds.
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