Equinoxe Alternative Investment Services has launched the Mid Ocean Emerging Manager Offshore Platform to provide emerging managers with a transparent, cost-effective and time-sensitive solution for an offshore hedge fund.
The platform provides a Bermuda segregated accounts company coupled with quality services providers to enable the manager to pass the institutional due diligence requirements for a verifiable offshore product.
The total start up cost for the set up of a Bermuda segregated accounts company on this platform will be under USD30,000, inclusive of service providers, legal fees, government fees and legal documentation. In comparison, the cost of setting up an offshore fund with service providers would normally be in the region of USD60,000 to USD70,000.
Equinoxe has partnered with Conyers Dill & Pearman, the offshore law firm, and the directors intend to appoint PricewaterhouseCoopers as auditor.