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British Virgin Islands hedge fund administrators thrive in niche areas

British Virgin Islands fund administrators comprise a number of independent players specialising in servicing small and mid-sized hedge funds with an emphasis on tailored solutions and client service.

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The British Virgin Islands (BVI) is not home to any of the big-name fund administrators such as Citco, State Street, BNY Mellon or GlobeOp. This is attributed in part to the lack of any requirement for BVI funds to have a local administrator.

The large administrators have offshore bases in the Cayman Islands and Bermuda and see no reason to open offices in the BVI.

The absence of an internationally

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