Julian Carey, Managing Director,
International Administration Group (Hong Kong), assesses what
Guernsey's investment fund administration capabilities can
offer the Chinese marketplace.
The world's investment community has fixed its attention on
China as the global engine for economic growth. In the alternative
funds world there are broadly three very different fund types that
provide potential opportunities for service providers based in
Guernsey:
- Firstly there are the long only and hedge funds, usually
open-ended investing into companies listed in Hong Kong, Shenzhen
or Shanghai.
- Secondly, there are the private equity funds invested in
privately-owned companies and state owned enterprises via
closed-ended limited partnership structures. There are also hybrid
mixtures of these two strategies, typically classified as pre IPO
funds with a three year soft lock with limited redemption
provisions.
