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ARTICLE · 24 MARCH 2006

Hedge Funds Head For Guernsey

Carey Olsen
Carey Olsen
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Carey Olsen

Carey Olsen

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As interest in hedge funds has grown in the UK and Europe during recent years, a large number of promoters have chosen to locate their funds in Guernsey away from traditional hedge fund domiciles. This is due in no small measure to the encouragement provided by the Guernsey Financial Services Commission for the use of the island as a domicile through two policy changes.

JerseyFinance and Banking
Ben Morgan
Ben Morgan
Tom Carey
Tom Carey
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Ben Morgan and Tom Carey of Carey Olsen Guernsey look at changing rules around the island’s hedge funds.

As interest in hedge funds has grown in the UK and Europe during recent years, a large number of promoters have chosen to locate their funds in Guernsey away from traditional hedge fund domiciles. This is due in no small measure to the encouragement provided by the Guernsey Financial Services Commission for the use of the island as a domicile through two policy changes.

The first of these comes in the form of changes to the legal and regulatory framework to permit the usual form of operation of hedge funds. The second is the introduction of a streamlined authorisation process allowing promoters to establish hedge funds as qualifying investor funds (QIFs) within three working days.

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