Latin Americans eye offshore investments

International hedge funds have found it difficult to gain a foothold in the Latin American market which continues to be dominated by domestic hedge funds. However, recent regulatory changes could offer a route into this hugely promising market for offshore hedge funds.

Hedge fund managers trying to raise capital in a difficult economic environment could do worse than to look at the vibrant markets of Latin America. These have emerged from the financial crisis in much better shape than most would have expected.

The sheer amount of wealth in Latin America makes a compelling case for targeting investors in the region. The World Wealth Report 2009 complied by Merrill Lynch and Capgemini estimated the combined wealth of high net worth individuals (HNWI) in Latin