Jersey Expert Funds

A Jersey Expert Fund is the jurisdiction's flagship regulated fund product. It is attractive for non-retail schemes, whether joint ventures, hedge funds, private equity vehicles or other schemes aimed at "Expert Investors". An Expert Fund can be established quickly and cost effectively and must comply with the Jersey Expert Fund Guide (the "EF Guide").

Approval process

The Jersey Financial Services Commission ("JFSC") does not need to review the fund structure, documentation or the promoter. Instead, the Jersey-based fund administrator certifies to the JFSC that the fund complies with the EF Guide. Once the certification and the fund's offer document are filed, the JFSC typically processes the application within three business days. The EF Guide provides fund promoters with certainty, efficiency and cost effectiveness in the establishment of a new fund.