A fast-track route for setting up this particular type of fund has been devised by the Jersey Financial Services Commission in consultation with the finance industry.
he ‘expert fund’ is a broad definition that covers a variety of funds, including hedge funds.
They are often geared – which means money is borrowed to enlarge the portfolio – and they tend to use the latest investment techniques.
Expert funds may be open or closed-ended, there will be few restrictions and flexibility in respect of custody or prime brokerage arrangements.
216February2004
