Originally published in Hedgeweek, Guernsey Hedge Fund Services
2009, distributed June 2009
Andrew Walters, Partner, and James Clyne, Associate,
from Ozannes take a look at Guernsey's regulatory environment
in respect of hedge funds.
The global economic downturn may have caused investors the world
over to tighten their purse strings, but many fund promoters have
seized the opportunity to capitalise on the opportunities offered
by the new economic environment.
Guernsey has long been regarded as a well-regulated financial
centre and has sought to achieve the right balance between investor
protection and business efficacy. By applying sensible regulatory
principles, the island's regulator has been comfortable
authorising hedge funds and funds of hedge funds. Despite the
losses suffered by many hedge funds last year, legitimate financial
projects offering investors an opportunity to spread risk and
diversify their portfolios are still welcomed by the
