BVI Hedge Fund Services 2013

Wed, 16/01/2013 - 12:12

The BVI is attracting non-institutional managers and start-ups with new lighter touch regulations and a faster approval process.

The 'BVI Hedge Fund Services 2013' special report comprises 5 separate articles listed below, these can be read individually or as a sequence.
Philip Graham, Harneys

BVI provides light-touch regulation for smaller managers

Wed, 16/01/2013 - 12:17

By James Williams – On the 10 December 2012, the BVI took a step forward in enhancing its competitive image with the introduction of a lighter touch regulation for smaller BVI-domiciled fund managers. Entitled the Investment Business (Approved Managers) Regulations (“Approved Managers Regulations”), the regime complements the existing Securities and Investment Business Act, 2010 (SIBA), and whilst not going as far as Cayman with its exempt manager regime, it is hoped that the new regulations will entice more managers to the BVI. »

Simon Schilder, Ogier

Enhancements to BVI investment funds offering

Wed, 16/01/2013 - 12:25

By Simon Schilder – The BVI has recently introduced two regulatory changes which will enhance the appeal of the jurisdiction to investment managers, through the introduction of the Investment Business (Approved Managers) Regulations, 2012 (the Approved Managers Regulations) and also from amendments to the provisions in the BVI Business Companies Act, 2004, dealing with segregated portfolio companies. »

Mara Spencer, ACE Fund Services

Administrators have to be responsive to shareholders

Wed, 16/01/2013 - 12:30

By Mara Spencer – Despite fund numbers remaining suppressed in the BVI, 2012 was actually a strong year for us. Not that there was an influx of new funds coming through the door, but rather that a number of our existing clients, who have been in business for a number of years and developed good track records, expanded their fund offering(s). »

Callum McKenzie, Director, Folio group

Growth in incubator funds could prove a boost for the BVI

Wed, 16/01/2013 - 12:35

By James Williams – “The majority of work we’ve had to do has been largely regulatory, dealing with all the worries surrounding FATCA. It’s been a slow year funds-wise and I would imagine that most other BVI administrators would say the same,” comments Calum McKenzie (pictured), Director, Folio Group, whose fund administration arm has been operating there since 2001. »

Peter Todd, Drake Fund Advisors

New regulation is a positive step

Wed, 16/01/2013 - 12:40

Interview with Peter Todd (pictured) – “The BVI is still performing strongly. Despite fund numbers being down this year they’re starting to tail off now that the regulatory outlook here is clearer,” says Peter Todd, director, Drake Fund Advisors, an independent fund administrator that focuses on emerging markets. »

other gfm publications
GFM corporate logo