November 20, 2009

The offshore fund sector, from managers and their service providers to the world’s leading offshore domiciles, has not been left in disarray by the economic and financial crisis that began more than two years ago. Although performance issues and redemptions have seen total assets of hedge and other alternative funds decline appreciably – a trend that now seems to be reversing – members of the industry are already responding to the new environment with changes in the way they do business.

The development of new products and fresh initiatives to publicise and market their products, services and infrastructure.“In the future, offshore funds and funds in general will differ from the kind of funds we’ve seen in the market up to this point,” says Simon Schilder, a partner with law firm Ogier in the British Virgin Islands. “How they differ will very much depend on how things end up playing out [in the regulatory environment].