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August 07, 2006
The Hedge Fund Services in Isle of Man
The hedge fund services industry in the Isle of Man has been active for more than a decade. However, it has been overshadowed by other industries such as financial services. Over the past few years, the government's financial promotion body, Isle of Man Finance has undertaken a series of initiatives in collaboration with the industry. The initiatives were taken through the Fund Managers Association. The association worked to raise the industry's profile for global funds business among the London law firms.
Competition for alternative fund administration business has become intense as the hedge fund industry is witnessing a sharp rise in the past few years. The growth of the global funds industry is providing increased opportunities for new business. The current trend suggests that the hedge fund industry in the Isle of Man will reach a new high over the next few years.
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