Considering where to domicile a fund is a key
decision for fund managers looking to raise funds in this current
market, whether they are a first-time fund raiser or a proven
industry veteran, says
BDO Advisory Director Steve Desmond in eprivateclient's
2019 Guernsey report, A Global Island.
This is a time of unprecedented uncertainty, with the UK about
to withdraw from the EU amidst a constant stalemate of
negotiations.
Amid this, Guernsey offers close geographic proximity to the UK
alongside legal independence. Guernsey has an 800-year
constitutional relationship with the UK and a 50-year track record
as an international finance centre. Here, there is an ideal
environment for asset managers to structure funds that enable
managers to reach markets that represent around 80% of global
wealth markets.
