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Harneys in the News

Media coverage about the firm

BVI Competes in the Global Funds Market with Innovative New Fund Products

Author:
Publication Date:
9 February 2016

The British Virgin Islands, in continuing to distinguish itself as a premier offshore financial services jurisdiction, launched two new fund products on June 1, 2015, to complement its very popular existing funds offering with the bold intention of remaining on the cutting edge of the financial services market.

The "incubator fund" and the "approved fund" are both lightly regulated fund products which are primarily aimed at start-up and emerging managers, as well as those managing funds for smaller groups of closely connected investors.

In an article published by Marcum LLP, Philip Graham, Head of Harneys' BVI Investment Funds and Regulatory team and senior editor of Harneys blog http://offshorefundsblog.com, discusses how these new funds products aim to make the BVI a trusted and welcoming environment for small fund managers.