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BVI Hedge Fund Services 2014

Wed, 05/02/2014 - 19:36

The BVI's Approved Manager regime, which was introduced at the end of 2012, has been extended to also cover funds domiciled in a 'recognised jurisdiction', opening up a host of fresh opportunities to hedge fund managers

The 'BVI Hedge Fund Services 2014' special report comprises 5 separate articles listed below, these can be read individually or as a sequence.
James Williams, Hedgeweek

Extension opens door to managers with non-BVI funds

Wed, 05/02/2014 - 19:41

On 2 January 2014, an extension to the BVI’s Approved Manager regime was brought into legal force. When this lighter touch regulation was introduced at the end of 2012 demand was strong. The product proved, perhaps, to be more popular than the Islands’ financial regulator, the BVI FSC, had originally expected. »

Simon Schilder, Partner, Ogier

BVI funds – structuring trends and developments

Wed, 05/02/2014 - 19:46

By Simon Schilder, Partner, Ogier – Whilst the twin challenges of investor capital continuing to favour established investment managers and increasing barriers to entry for new start-up investment managers, meant that at times 2013 was a fairly challenging year for BVI fund practitioners, for the new funds which did launch during the year, a number of interesting markets trends have continued to emerge and develop. »

Nicholas Faure, Drake Fund Advisors

Cracking the operational blueprint

Wed, 05/02/2014 - 19:49

Over the last 24 months, fund administrator Drake Fund Advisors, an emerging market specialist with approximately USD900million in AuA, has established a number of licenses across the globe and fanned out from its BVI headquarters. The modus operandi behind this has been to scale up its business by focusing uniquely on the investor and develop a ‘follow a sun’ model that has, according to Executive Director Nicolaas Faure (pictured), helped Drake crack the operational blueprint. »

James Williams, Hedgeweek

Global legislation drives improvements in due diligence

Wed, 05/02/2014 - 19:54

“By allowing managers of non-BVI funds to apply for the Approved Manager license it simply strengthens the BVI product even more,” comments Nicolaas Faure, Executive Director of Drake Fund Advisors, an emerging market specialist. “We are one of the preferred administrators for start-ups so this will add to the arsenal when we talk to new managers and present our services. In addition to the law firms, we are definitely sharing in the optimism of this updated Approved Manager regime. It should have probably been there from day one.” »

Michael Doyle, Harneys

Extension of BVI approved manager regime

Wed, 05/02/2014 - 19:57

By Michael Doyle (pictured), senior associate, Harneys – Investment Business (Approved Manager) Regulations, 2012 (Old Regulations) came into force on 10 December 2012 and introduced a regulatory light investment management regime for investment managers incorporated or formed as BVI companies or partnerships (Approved Managers). »

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