Guernsey As An Alternative Hedge Fund Jurisdiction

Originally published in the HFM Week Guernsey Report, 2009, distributed May 2009

Gavin Farrell of Ozannes outlines how Guernsey is perfectly set up as a European alternative to the traditional Caribbean hedge fund domiciles

Guernsey is a renowned European offshore jurisdiction, which offers a sound alternative to the Caribbean structure for establishing hedge funds. Indeed at a time of demanding corporate governance requirements, especially in light of the recent requests for greater regulatory oversight of hedge funds and the consequences of the Madoff experience, it is becoming increasingly important for some form of control over fund assets to be exercised and for directors to attend board meetings in person in order to query, among others, those custody arrangements.