Boutique Fund Administrators Begin To Make Their Mark

Originally published in HFM Week Guernsey Supplement, May 2007

Ever-changing, forward-thinking legislation and increasingly straightforward regulation, is making it simpler and easier to establish new funds in Guernsey. The introduction of the PCC concept, the success of the Qualifying Investor Funds and the Harwood Report provide adequate illustrations of this in recent years.

The rationale of the Guernsey Financial Services Commission (GFSC) is obvious – make it quick, make it easy and more fund business will be attracted to Guernsey. The manner in which it has been achieved has also been important because they have done it through close interaction and dialogue with the fund industry thereby ensuring that everyone is onside.