Jersey plans to make further inroads into the alternative funds sector with the introduction of its 'fast track' Private Placement Fund.
Private Placement Funds are closed ended funds available to a limited number of sophisticated institutional or professional investors. Jersey Finance describes these funds as similar in scope to the existing COBO (Control of Borrowing Order) private funds, explaining that this latest fund offering is designed for ‘fast track’ approval, usually within three business days. Private Placement Funds will sit within the COBO framework and will complement the existing Expert Fund regime which also provides a streamlined approval process and has helped position Jersey as a leading European ce...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
