Isle of Man success prompts funds expansion

It includes a major new focus on alternative funds in order to secure business for the incorporation, domiciliation and establishment of fund management operations in the Isle of Man. The Government has targeted the SF category at institutional and high net worth investors. The SF has a $100,000 minimum initial subscription and does not require regulatory pre-approvals. The Government says investors can launch SF quickly without regulatory delay risks. The move follows the ‘Smith Report’, published in February, which proposed to boost its incorporation, domiciliation and institutional...