The 'Bermuda Fund Services 2017' special report comprises 10 separate articles listed below, these can be read individually or as a sequence.

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Bermuda Fund Services 2017 - Foreword

Bermuda Fund Services 2017 - Foreword

By Ross Webber (pictured), Bermuda Business Development Agency (BDA) – Global regulatory burdens, cost pressures, fintech disruption, and political uncertainty on both sides of the Atlantic are shaping up to pose significant challenges to the asset-management industry in 2017 and beyond. Britain's sortie into extended Brexit negotiations and Trump's tax-reform ambitions seem to be holding investors and companies on tenterhooks. The only thing constant, as the old axiom goes, is change.

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Institutional framework for family offices

Institutional framework for family offices

As family offices look for the best jurisdictions in which to establish trusts and wealth preservation vehicles, being able to benchmark the institutional quality of a specific jurisdiction and rely on high-quality outsourcing options, are increasingly important considerations. The following report provides an overview of how and why Bermuda is living up to these expectations. 

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Introducing the Bermuda LLC

Introducing the Bermuda LLC

By Sally Penrose (pictured), Appleby – The Limited Liability Company Act 2016 (LLC Act) came into force on 1 October, 2016 and introduced into Bermuda its first new corporate structure in 100 years. Appleby is pleased to have been able to work closely with the legislature to ensure that Bermuda's existing funds law is simultaneously amended so that LLCs are available immediately for use in investment fund structures. Appleby are ideally placed to advice with respect to LLCs.

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Further opportunities for PE growth

Further opportunities for PE growth

For managers who may already be using an onshore Delaware LLC, they now have the opportunity to use a Bermuda LLC as an offshore vehicle. This follows the formal introduction of the Limited Liability Company Act 2016 (LLC Act), which was passed in the Senate in July 2016 and became operative on 1 October, 2016. 

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BSX leads the way for ILS listings

BSX leads the way for ILS listings

Last year proved to be hugely successful for the Bermuda Stock Exchange (BSX). From a pure growth perspective, the BSX ended 2016 with a total market capitalisation of USD343.8 billion, up more than 41 per cent on the previous year. The same was true of trade volume. The RG/BSX Index closed out the year at 1,923.79, up 47.52 per cent on the calendar year 2015, with a reported 31.75 per cent increase in trading volume, which saw 8.2 million shares traded. 

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Centaur opens for business

Centaur opens for business

When it comes to doing business in a new jurisdiction, someone who has just gone through the process of opening a new office can offer the best insights. In that context, Centaur Fund Services, which provides fund administration services to some of the world's largest institutions, is perfectly placed.