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ARTICLE · 10 FEBRUARY 2008

Update On The Brazilian Hedge Funds Industry

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The pre-eminent offshore jurisdictions for the establishment of investment funds are the Cayman Islands, the British Virgin Islands and Bermuda.

BermudaFinance and Banking
Bryan Hunter
Bryan Hunter
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The Main Offshore Funds Jurisdictions

The pre-eminent offshore jurisdictions for the establishment of investment funds are the Cayman Islands, the British Virgin Islands and Bermuda. Cayman alone boasts over 8,300 regulated funds, the BVI is estimated to have approximately 2,400 regulated funds and Bermuda is estimated to have approximately 2,200 regulated funds. There is also a significant number of unregulated and closed ended funds in each of these jurisdictions which are not generally included in the statistics.

There are many similarities between these jurisdictions, but each also has certain distinguishing features. The similarities between these jurisdictions include that each jurisdiction has a trustworthy and reliable legal regulatory system, each has a stable and business friendly government, each is tax-neutral for international fund vehicles and without exchange controls in relation to

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