Sand, sea and securities

Recent legislation has made The Bahamas more amenable to hedge funds. The beaches aren't bad either.

The Bahamas is not only an extraordinarily pleasant location for a relaxed board meeting for those overseeing hedge funds. It is also a responsive, well-regulated and politically stable centre for domiciling portfolios, according to those involved with Bahamian located funds.

Nicola Thompson, vice-president and treasurer in fund administrator DPM's Nassau office, says while historically The Bahamas has been more focused on private wealth, legislative developments including the passing of the

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