Wednesday, 25 November 2015
Last updated 6 hours ago
Dec 6 2012 | 11:05am ET
The British Virgin Islands is making it easier for smaller hedge funds to make their home in the offshore financial center.
The British Virgin Islands Financial Services Committee on Monday will begin offering a new investment management license for non-institutional firms running small and medium-sized funds. The new rules streamline the regulatory matters facing such firms, which the BVI say do not pose a systemic risk to the financial system.
The new licenses cover BVI-domiciled funds with at least US$400 million in assets under management for open-ended funds and US$1 billion for closed-ended funds.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…