HEDGE FUND INDUSTRY IS STILL GROWING RAPIDLY
How should we adapt to cope with this?
Offering traditional funds and structures is no longer attractive. The industry should more focus on, e.g., Asia. Areas to be addressed are tax, costs, asset classes, performance, regulatory issues and local or regional requirements.
The Netherlands Antilles (especially Curacao) provides a favorable tax, legal and regulatory climate for (hedge) funds. Examples of advantages: tax neutral environment; speed of formation; flexible corporate structure; very sophisticated and well organized supervisory authority; no mandatory (Netherlands Antilles) governing law in relation to transaction documentation; sophisticated regulatory regime; and license exemption possibilities and plain vanilla registration. But … there is always room for improvement. I look forward to your comments and wishes.
Karel Frielink
Attorney (lawyer) / Partner
