"For a fund jurisdiction that refers to itself as an ‘Innovation Nation’, The Bahamas continues to build its profile and popularity among global fund managers, and, it is hoped that the next stage of its evolution will be to attract more institutional money."
So writes James Williams, Managing Editor at Hedgeweek, in collaboration with BFSB CEO Aliya Allen.
They say:
“To underscore how innovation is having a tangible impact, The Bahamas is on track to exceed its previous high-water mark for fund registrations. With more than 800 funds, the island is back to pre-2008 levels and firmly on the rebound.
“2015 has been a good year, the number of fund registrations is growing faster than fund liquidations,” says Aliya Allen, CEO of The Bahamas Financial Services Board. “We now have 830 funds licensed and registered in The Bahamas, 502 of which are SMART funds, which demonstrates the attractiveness of that product.”
The Bahamas has been a financial centre for over 80 years focusing on wealth management. A key component of that has been the development of a fund regime that is supportive of its private investor client base but which can also be utilised by institutional investors.
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