Are you focusing on your traditional markets or seeking to
expand internationally? Are you an investment fund manager with a
global footprint who is seeing the best opportunities for growth in
the current economic climate? Do you partner with professional
service providers who have an existing global network and who can
help develop solutions to complex business problems and guarantee
service quality? Does this allow you to focus resource on core
activities such as fundraising, investing, managing and selling
The big growth opportunity for many investment fund manager
firms is to find an entry into the emerging economies and provide
their existing and new institutional investors with the
sophisticated service that they are increasingly demanding in these
new markets. International expansion is an attractive strategy as
it allows firms to grow their business rapidly while continuing to
do what they do best. It often makes sense to expand globally,
rather than to diversify into local markets and risk a loss of
Strategic decisions are important of course but implementing
them can be time consuming and difficult. Entering new markets (or
becoming more efficient in existing ones) can be tough and many
challenges in terms of HR, IT, accounting, regulations and risk
management still have to be wrestled with. IT costs are likely to
spiral as firms develop technology to meet the reporting
requirements and needs of their investors, regulators and
shareholders in their traditional and new markets. IT spend, as a
percentage of annual management fee, is therefore likely to
increase and as a consequence there may be little appetite to
invest capital to allow for 'best of breed' technology
solutions to be purchased to deal with ever increasing demands.
Finding an outsource partner will allow you to contain costs and
help with complex issues. Selecting the jurisdiction in which to
domicile your fund is also a key decision from an investor and
Jersey has world-wide appeal as a jurisdiction for investment
funds and managers. It is recognised by the International Monetary
Fund as being in the 'top division' of global financial
centres (both onshore and offshore) (September 2009) and is one of
the leading European jurisdictions for the investment fund
industry. Jersey has a finance industry and professional
infrastructure that has a headcount in excess of 12,000 and has
developed a breadth and depth in its expertise and range of
services that many competitor jurisdictions are not able to match.
The net asset value of investment funds administration in Jersey in
September 2011 exceeded £197.6bn.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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Cyprus offers many key benefits to foreign investors and their dependent family members who are looking for a jurisdiction that offers a gateway to Europe, high quality standards of living and working infrastructure and services.
Investing in distressed assets is not a new phenomenon but current market conditions and the significant quantity of distressed assets remaining on bank and other balance sheets are undoubtedly giving rise to increased distressed trading opportunities globally.
At its most basic level a partnership requires no formalities or registration and is the simplest manner in which to carry on a business. Partnerships have been used for many centuries and were initially governed by common law rules that evolved to regulate both the dealings of the partnership with third parties, and the dealings of the partners with one another.
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