BVI hedge funds

[italkcash]

BVI (British Virgin Islands) has lately fallen of in the stance against emerging offshore regions, thus reestablishing itself as offering a more unique approach to business people.

Some 12 years ago the Mutual Funds Act provided regulation of the investment fund sector in the British Virgin Islands for the first time. Now a comprehensive overhaul of the legislation, which will also bring other areas of investment management and securities offerings into the ambit of the BVI Financial Services Commission, is seen by many industry practitioners as an important step that will consolidate the islands' position as the world's second-ranking offshore fund domicile and perhaps help it start to catch the Cayman Islands, for now the industry's undisputed leader.

This could offer a new and more diverse law for hedge funds to establish themselves now as most hedge funds that are not directly located offshore are forced to display their short positions so that everyone for a brief matter of time can see how they operate.