Hedge fund regimes come under closer scrutiny as industry matures and expands

administration and regulation

While regulation of hedge funds has been relatively light so far, recent market turmoil, coupled with the growing size of the hedge fund industry, is likely to push governments to take a closer and more hands-on approach to hedge fund regimes. Service providers, and in particular fund administrators, are already the focus of much regulation.

Although there are subtle differences between regulations, jurisdictional arbitrage is a dying art. Any advantage one hedge fund domicile may have does not l