Investment Fund Managers "Brexit" To The BVI

In the post-recession economy, investment managers are looking for increased flexibility and ways to maximise investor returns by minimising set up costs, government fees, and other related functionary and advisory costs. That is why many are now "Brexiting" to the British Virgin Islands.

For years, the Cayman Islands has held the title of the world's largest offshore fund domicile. Being the most well-known, it was the safe choice for investment managers. Today, however, BVI, the world's second-largest offshore fund domicile with just under 2,000 active open-ended investment funds and many other unregulated closed-ended investment funds, is an increasingly attractive alternative for what may be a better future for investment managers and their investors.