Latest News
PMA Capital Management, an Asia hedge fund manager, received a net inflow of USD150m into new and existing investment strategies in June, including its flagship macro fund focusing on FX a
Algorithmics has devised the ten most important questions for anyone with investment or business exposure to a hedge fund by analysing approximately 400 reported hedge fund frauds and b
BlueCrest Capital Management has appointed Matthew Weir as chief risk officer to oversee risk management for the firm’s investment funds and lead a team of six.
NYSE Liffe, the Europe-based derivatives business of NYSE Euronext, has launched two year mid-curve options on Euribor and Short Sterling futures.
Mid-curve options are American-style options that can be exercised to take delivery of an underlying futures contract. They offer a low-premium way to hedge or trade the mid-range yield curve.
The new two year mid-curve options will give exchange users a new way of achieving exposure into the futures contracts representing the yield curve two years forward (known colloquially as ‘Green’ month futures), which have seen a considerable increase in traded volume, up 40 per cent on the
The Alternative Investment Management Association has warned that the European Commission’s draft directive on Alternative Investment Fund Managers would hit fund managers and investors
Gallatin Capital has appointed Viktor Ula to the newly-created position of director of research.
HedgeOp Compliance has launched its ADVassist hedge fund adviser registration service.
The British Virgin Islands
By Harney, Westwood & Riegels
The British Virgin Islands is a leading jurisdiction for the formation of alternative investment funds, having approximately 2,800 funds registered or recognised under the Mutual Funds Act 1996 (the Act), the primary legislation governing the formation and operation of hedge funds in the British Virgin Islands. These funds are regulated by the Financial Services Commission (the Commission), the financial regulator in the British Virgin Islands, which was established by and whose powers primarily originate from the Financial Services Commission Act 2001.
The Act requires all investment funds falling within its definition
British Virgin Islands
Fund legislation
Mutual Funds Act 1996
Number of funds
Ireland
By Donnacha O’Connor, Dillon Eustace
Answers to frequently asked questions pertaining to setting up investment funds in Ireland
1. What if any are the investor restrictions (number, by category)?
Irish Funds are not required to have a minimum number of investors, however, on the whole, Irish regulated tax exempt funds must, depending on the category of fund, and the specific wording of the legislation, be offered directly or indirectly to the public or must be available to the public.
The following additional fund categories are not widely used either due to their tax status (non-designated funds) or the narrow
