ARTICLE · 04 NOVEMBER 2013

Guide To Investment Funds In Bermuda

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This Guide is a summary of the law and procedures relating to the establishment and operation of investment funds in Bermuda.

BermudaWealth Management

Cameron Adderley

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PREFACE

This Guide is a summary of the law and procedures relating to the establishment and operation of investment funds in Bermuda. It should be read in conjunction with the Appleby Guide to Companies in Bermuda, Guide to Partnerships in Bermuda and Guide to Trusts in Bermuda.

It is recognised that this Guide will not completely answer detailed questions which clients and their advisers may have, it is not intended to be comprehensive.

1. INTRODUCTION

For the purposes of this Guide, the term "investment fund" is used to refer to open-ended mutual fund companies, unit trust funds and partnership funds. Closed-ended investment funds (e.g. private equity funds) are not governed by the Investment Funds Act 2006, as amended (Investment Funds Act).

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