FUNDS & FUNDS SERVICES

Features of the Incubator Fund  The BVI’s Securities and Investment Business (Incubator and Approved Funds) Regulations, 2015  (the “Regulations”) introduced the "Incubator Fund” which provides a streamlined basis for start-up investment managers to establish a track record of managing funds with an open-ended strategy. The Incubator Fund regime under the Regulations does not have some of the more stringent requirements that are found with the more established investment fund options (such as Professional Funds, Private Funds, or Public Funds) under BVI law.   The key features of an Incubator Fund are:   - Limited to a total of 20 Investors (Sophisticated Private...

FUNDS & FUNDS SERVICES EXPERT INSIGHTS 2022

With inflationary pressures coming to the fore in certain areas of the global economy and the continuing impact of Covid-19, there are many important and urgent issues to discuss. In our capacity as offshore legal advisers, we wanted to highlight some of the features from our Investment Funds/M&A and Finance practice from 2021 which we think will continue to trend in 2022, subject to global economic pressures, the recovery from the impact of the pandemic and the economic fallout from the developing conflict in Ukraine.  Series Financing: Many of the legal developments and client trends in 2021 will continue to...

FUNDS & FUNDS SERVICES EXPERT INSIGHTS 2022

This was way higher than the net outflows of USD 95 million registered during the quarter ended September 2021India-focused offshore funds and exchange-traded funds (ETFs) witnessed a net outflow of USD 435 million in three months ended December 2021, making it the 15th consecutive quarter of withdrawal, according to a Morningstar report released on Wednesday. This was way higher than the net outflows of USD 95 million registered during the quarter ended September 2021.The higher outflow during the quarter under review could be attributed to "enhanced concerns on the global and domestic fronts and driven by the US Fed's hawkish...

FUNDS & FUNDS SERVICES NEWS 2022

          By GetNews   On 1st January 2021, Venture Alliance Investment Fund (L) Berhad (“VAI” or “The Fund”) had announced the launch of an offshore private equity fund – VAI Fund, offered only to professional investors. VAI is incorporated as a Private Fund in Labuan International Business and Financial Center (“Labuan IBFC”). Labuan IBFC is regulated by the Labuan Financial Services Authority (“Labuan FSA”).   With the launch of the VAI, we’re bringing unique opportunities to the market that give investors exposure to companies with pioneering technologies and innovative business models which we identified as undervalued and mispriced,” said Elven...

FUNDS & FUNDS SERVICES NEWS 2021

By Sanchari Ghosh   Indian Mutual Funds that invest in China and the Greater China region have been vastly affected due to the recent volatility in Chinese stock markets. Panic selling among investors has resulted in a sharp fall in NAV for such funds.   The sell-offs were led by regulatory actions against the country's tech giants and more recently, a crackdown on Chinese private education companies.   However, Edelweiss MF, which runs the largest China-linked fund in India, says that the 'short term volatility has opened long-term valuation opportunities'.   In fact, the fund house suggests that "investors who have...

FUNDS & FUNDS SERVICES NEWS 2021

By Zhang Shiwei   As a free trade port with Chinese characteristics, the relevant system design of the Hainan free trade port cannot copy the offshore company law and offshore financial system of the traditional offshore jurisdiction. We may as well start from the local offshore and become the registered place of red chip offshore companies, so as to give full play to the location advantages relative to the traditional offshore jurisdiction, so as to play an important role in the overseas red chip private placement, listing and cross-border M & A of Chinese enterprises.   Recently, the Hainan Free...

FUNDS & FUNDS SERVICES NEWS 2021

With assistance by Charlie Zhu, Evelyn Yu, Mengchen Lu, and Dingmin Zhang   One of China’s largest asset managers is targeting to almost double the foreign cash it oversees as the nation’s economic rise and financial opening increase demand.   China Asset Management Co. will seek to grow such assets to at least $10 billion over the next few years, up from about $6 billion, Richard Pan, head of Global Capital Investment at the Beijing-based firm, said in an interview. Its assets under the Qualified Foreign Institutional Investor plan -- a program that allows foreigners to invest in China -- have...

FUNDS & FUNDS SERVICES NEWS 2020