By Andrew Keuls
Originally published in January 2001
The growth of the mutual fund industry has been a phenomenon of the global financial services industry in recent years. The niche for the British Virgin Islands ("BVI") in this field has been in the registration of private and professional investor mutual funds, particularly for the hedge and alternative investment mutual fund industry and for family office fund of funds. Family office, hedge and alternative investment funds are not customarily available for retail investors and are usually only available to professional or accredited investors, who must establish minimum net asset worth and such funds can be restricted or even be closed to third party investors.
