Bermuda is a major centre in the international offshore
investment fund industry with over US$50 billion of fund assets
domiciled there. There are over 1,500 investment funds registered
in and operating from Bermuda. There are also a significant number
of unregulated investment funds, being primarily closed-end
investment companies and limited partnerships, in Bermuda. A number
of the larger funds are quoted on stock exchanges such as The
London Stock Exchange and The Hong Kong Stock Exchange. In
addition, many funds, particularly those seeking European
investors, are listed on the Irish Stock Exchange or the Luxembourg
Stock Exchange. Bermuda remains committed to attracting quality
funds by offering demonstrable political and demographic stability,
an abundance of professional service providers, including excellent
fund administration services, a sophisticated telecommunications
system and welcome regulation of the investment industry to provide
more transparency and