Bermuda Based - Mutual Funds
Bermuda has been chosen by a number of highly reputable financial institutions, securities firms, investment and fund managers located in major financial markets as the domicile of choice for various types of mutual funds:

•    money funds,
•    multi-currency funds,
•    bond funds; and
•    equity funds

Such funds may operate from Bermuda in a business environment which provides such entities with tax neutrality and commercially sensitive regulations.

Mutual funds may be closed-ended or open-ended and can be privately held or publicly traded. .Whether a money market fund, securities or commodity-based fund, a Bermuda mutual fund is required to be managed by a Bermuda incorporated management company which, in most cases, is formed by the promoters or investment managers.

The Bermuda Monetary Authority regulates the operation of the offshore mutual fund industry in Bermuda.

If you require additional information, please contact Lynda Milligan-Whyte at LMW@richmond.bm.