
Industry faces challenges
British Virgin Islands: Sailing through turbulent waters: May 2009

[ASSET_TAG_ERROR]
These are challenging times for the British Virgin Islands (BVI) hedge fund industry. The jurisdiction is feeling the pinch of the global financial crisis. Like other offshore jurisdictions, it is also facing the prospect of having to adapt to a sea change in international attitudes towards the supervision and regulation of hedge funds and financial services in general.
The BVI is the world’s second largest jurisdiction for hedge fund domiciliation behind the Cayman Islands.
More on Hedge funds
Most read on Risk.net
- Brexit novations ‘on hold’ to gain reg relief
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Banks hope final FRTB rules will ease NMRF burden
- Mifid data publishers drag feet on Esma guidelines
- Sefs, Libor fallbacks and risk governance in Asia