Inaugural Guernsey Private Investment Funds Launched

The international finance centre of Guernsey has today confirmed the launch of not one but two of its new Private Investment Funds (PIFs), only four months after the new structure was developed and released to the global investment community.

GMT Communications Partners LLP, with the assistance of the Guernsey offices of Northern Trust and law firm Carey Olsen, has launched a PIF to take advantage of the structure's flexibility, simplicity, lower costs and the speed at which it can be brought to market.

Dominic Wheatley, CEO of the island's promotional agency Guernsey Finance, welcomed the news of the GMT Communications PIF, saying that the unveiling of two funds in a fortnight was a very promising start for this new regime.