Guide to investment funds in Bermuda

This guide is a summary of the law and procedures relating to the establishment and operation of investment funds in Bermuda. It should be read in conjunction with the Appleby guide to companies in Bermuda, guide to partnerships in Bermuda and guide to trusts in Bermuda.

For the purposes of this guide, the term ‘investment fund’ is used to refer to open-ended mutual fund companies, unit trust funds and partnership funds. Closed-ended investment funds (e.g. private equity funds) are not governed by the Investment Funds Act 2006, as amended.

The Investment Funds Act governs the exclusion, exemption and authorisation of investment funds and contains certain requirements for the formation of investment funds, their operation and the offering of shares, units or interests of investment funds. Investment funds are prohibited from being operated in or from Bermuda unless they are authorised or exempted under the Investment Funds Act. The requirement to be authorised or exempted does not apply to investment funds that are deemed to be private (such as master funds). An investment fund is a private fund if the number of participants is 20 or less and if the promotion, communication and offer to participate in the investment fund is restricted and is not made to the general public…

If you are registered and logged in to the site, click on the link below to read the rest of the Appleby briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Appleby

View more briefings from Appleby

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

1st Floor
3 Copthall Avenue
London
EC2R 7BH
UK
http://www.applebyglobal.com

Total staff: 528
Partners: 64