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BVI Hedge Fund Services

BVI Hedge Fund Services 2016
BVI Hedge Fund Services 2016

Mon, 01/02/2016 - 21:20

The introduction by the British Virgin Islands (BVI) of two new structures, the Approved Fund and the Incubator Fund, offers family offices and start-up managers a cost-efficient and speedy route to launching new funds, and is proving successful at drawing new business to the BVI

The 'BVI Hedge Fund Services 2016' special report comprises 8 separate articles listed below, these can be read individually or as a sequence.

James Williams, Hedgeweek

Popularity of Approved Fund surpasses initial expectations

Mon, 01/02/2016 - 21:23

The challenge for any aspiring hedge fund start-up has been well documented in recent times. Year after year, the barriers to entry rise. Five years ago, the onset of global regulation prompted industry commentators to suggest that the break-even point of a hedge fund was USD100 million. One could argue that on an annualised basis, that break-even figure has risen by USD100 million. Not all will agree, but there is a growing consensus that to cope with the sheer breadth of regulation, today's start-up manager needs to be targeting Day 1 AUM of around USD500 million.  »

Philip Graham, Harneys

Enhancing support of start-ups with new fund products

Mon, 01/02/2016 - 21:28

When the British Virgin Islands introduced the Approved Manager regime at the end of 2012 it was heralded as a significant step forward. With start-up managers facing dual pressures of investor preference for regulatory oversight, and higher barriers to entry (from a cost perspective), there was no satisfactory option. The new regime changed that. Managers suddenly had the ability to enjoy lighter touch regulatory oversight that was more in line with their needs, and had an alternative to becoming SIBA-licensed on day one.  »

Callum McKenzie

Untangling the Gordian Knot

Mon, 01/02/2016 - 21:31

Regulatory and investor pressure have drastically altered the hedge fund industry in recent years. With managers increasingly looking for fund administrators to provide more middle-office and value-added services, whilst at the same time squeezing them on fees, the situation has become a Gordian Knot. Administrators must find ways to remain relevant, attract new clients, and continue to build revenues at a time when everyone is adjusting to FATCA, AIFMD, and shortly Common Reporting Standards. »

Mara Spencer

Ability to support managers in different growth stages

Mon, 01/02/2016 - 21:34

Currently, there are 101 Approved Investment Managers licensed in the BVI, based on figures published by the Islands' financial regulator, the BVI Financial Services Commission (as of 30 September 2015).  »

Niels Herbold

ATU enjoys organic growth on the back of restructuring

Mon, 01/02/2016 - 21:37

ATU Fund Administrators (BVI) Limited was the first fund administrator to receive a license from the Financial Services Commission in the BVI on 30th December, 1997. By the early 2000s it had grown to become the largest fund administrator on the islands.  »

James Williams, Hedgeweek

Fund administrators look to broaden value‑added services

Mon, 01/02/2016 - 21:40

Since the BVI introduced the Approved Manager regime at the end of 2012 demand has been encouraging, but it has taken time to build. Currently, there are 101 Approved Investment Managers licensed in the BVI, based on figures published by the Islands' financial regulator, the BVI Financial Services Commission (as of 30 September 2015).  »

Rachael McDonald

BVI’s M&A environment still as buoyant as ever

Mon, 01/02/2016 - 21:45

Despite being a relatively new entrant to the BVI, global law firm Mourant Ozannes is fielding its fair share of enquiries in relation to fund formation. The firm established its BVI office with Corporate, Finance and Litigation practices in 2012, followed 18 months later by its investment funds practice.  »

David Payne

Cost-efficiencies for start‑ups and family offices

Mon, 01/02/2016 - 21:48

For many start-up fund managers, the prospect of setting up a hedge fund in today's regulatory climate can feel like swimming upstream. That is why the turnkey solution offered by fund administrators, which allows managers to work with one service provider to get all aspects of their fund up and running, is still so appealing.  »

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