Island prepared to fight
Rising out of the Irish Sea, the Isle of Man does not at first glance appear the ideal home for hedge funds. Over the last few years, it has aggressively courted the hedge fund world and believes it is now poised to become one of the major players
The Isle of Man has set itself ambitious targets for capturing hedge fund business. Funds under administration (AUA) business in the island now stands at around $60 billion, up from just $9.8 billion in 2003. The industry's target is $150 billion of fund business by 2010, comprising $100 billion AUA and $50 billion assets under management (AUM).
The Isle of Man has positioned itself as a
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