The offshore funds industry has gone from strength to strength in recent years, and shows little sign of slowing in a global investment environment characterized by high levels of liquidity and increasing numbers of high net worth individuals. In this growth environment, funds managers, administrators and investors alike are faced by complex challlenges. Funds professionals are confronted by burgeoning legislation, ever higher yield expectations, and increased competition from their peers. Investors are faced with an often bewildering choice of funds, and complex tax and funds performance issues. This complete guide to the offshore trusts industry presents an analyses of the central issues in modern offshore funds management. It provides answers to almost every aspect of the business: from funds structures, compensation arrangements and performance measurement, to tax, information technology and offshore domiciles.
Practical and easy-to-read, the guide also includes the full texts of several definitive pieces of offshore funds legislation, as well as a recent detailed statement by the US Securities and Exchange Commsission on its position regarding the posting of funds information on the Internet.