British Virgin Islands: Investment Strategy

A BVI Approved Manager is a regulated offshore investment manager or adviser vehicle which enjoys fast and simple registration, and "light touch" ongoing regulatory requirements.

Setting up a tokenized investment fund with an approved manager in the British Virgin Islands (BVI) offers many strategic advantages by combining the innovative benefits of blockchain technology with cost-effectiveness and the operational efficiencies of the BVI's financial services regulatory framework.

The Cayman Islands remains the most popular jurisdiction for offshore investment fund set-ups. However the British Virgin Islands (BVI) offers a range of fund products worth considering.

The long-awaited Securities and Investment Business Bill, 2010 (commonly referred to as "SIBA") received its first reading by the BVI House of Assembly on 18 March 2010. This follows public consultation in Summer 2009.

The object of this memorandum is to provide clients of Walkers with general information on the approval process under the Mutual Funds Act, 1996 (the "Act") (as amended) in relation to an application for a licence to provide management and/or administration services to a mutual fund.

It goes without saying that 2008 was a year of turmoil for the Hedge Fund industry as liquidity dried up and share prices fell. The chart below tells the story, which starts with the US housing crisis in 2005.