Focus On The BVI: Hedge Funds Sector

HFMWEEK (HFM): WHAT ARE THE MAIN TRENDS SPECIFIC TO THE FUNDS INDUSTRY IN THE BRITISH VIRGIN ISLANDS (BVI)?

PHILIP GRAHAM (PG): With more than 2,200 regulated funds and at least as many closed-end or private equity fund vehicles formed in the jurisdiction, the BVI funds market sees a huge variety of structures and investment managers from all over the world who seek a domicile that provides political stability, an ultra-reliable legal system and experienced industry practitioners. The general trend is that there isn't a general trend; we speak to fund managers from New York and London with over $25bn under management and in the same day could be speaking to a brand new individual to the sector that wishes to set-up an incubator fund out of South Korea. This special blend is what keeps the BVI in such high regard.