A first Guernsey fund has been launched by Edinburgh-based
independent investment managers Baillie Gifford.
The $477 million Schiehallion Fund has been admitted to trading
on the Specialist Fund Segment of the London Stock Exchange's
Main Market.
Advisers on the launch were law firm Ogier, led by Partner Craig Cordle, accountants
and auditors KPMG, administrators Alter Domus and onshore lead counsel Herbert
Smith Freehills.
Schiehallion aims to generate capital growth through long-term
minority investments in later-stage private businesses that it
considers to have transformational growth potential and the
potential to become publicly traded.
"We continue to see interest in the use of Guernsey
vehicles for listing on the London markets, as the
jurisdiction's strategy of leading the way in the quality of
professional services and regulation offshore – as endorsed
by the EU Council's 'white-listing' decision earlier
this month – clearly hits all the right notes
