Reaping the rewards

international financial centres

Guernsey is experiencing strong inflows of new hedge fund business after introducing a more flexible framework for open-ended hedge funds and fund of hedge funds earlier this year.

Under the new framework, the Guernsey Financial Services Commission (GFSC) is granting rule waivers and derogations in a number of areas including the roles of custodian and prime broker, asset segregation, net asset value and share price estimation.

While the rule waivers are aimed at institutional and expert inve

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