In an era where investment managers have increasing choice
between potential jurisdictions to domicile their hedge fund
vehicles and the distinguishing features between those
jurisdictions (whether they are one of the traditional offshore
jurisdictions such as Bermuda, BVI, Cayman or one of the Channel
Islands or an onshore jurisdiction such as Ireland, Luxembourg or
Malta) have become less and less, one of the challenges which has
faced all offshore jurisdictions has been how to distinguish their
fund offering from the fund offering available elsewhere. The BVI
has been not alone in facing this challenge.
In the continuing aftermath of the 2008 financial crisis, the
dual political drivers to better regulate the financial system and
amore effectively manage systemic risk within the financial system,
continue to influence the regulatory agenda within the hedge fund
industry and so direction in regulatory developments. In
fulfilling its obligations to this regulatory
