Gibraltar Seeks Hedge Funds In Brazil, New York

Apr 3 2013 | 10:10am ET

Gibraltar hopes to join the ranks of Ireland, Luxembourg and the Cayman Islands as a major hedge-fund center, and is taking its pitch on the road.

Representatives of Gibraltar's government visited a hedge fund conference in Rio de Janeiro last month to pitch its stability, low taxes and access to the European Union to Latin American hedge funds and private equity firms, The New York Times reports. This month, Minister of Financial Services Gilbert Licudi heads to the world's largest hedge fund center, New York, to meet with several hedge funds that have already expressed interest in the British self-governing territory, which sits on a small peninsula at the mouth of the Mediterranean Sea south of Spain.

"It is part of the strategy that this government has to go beyond our traditional jurisdictions like the U.K. and Switzerland and to extend to emerging economies that are doing well, like Brazil," Licudi said.

In addition to its traditional offshore inducements, Gibraltar also trumpets its transparency.

"We pride ourselves now on being one of the jurisdictions that is open and transparent in terms of exchange of information," he said.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR