New AIFMD passport regime opens way for surge in Gibraltar-based funds

- Gibraltar open for business, says fund administrator Helvetic - With the regulatory changes coming in under AIFMID, Gibraltar is being hailed as the ideal place to support hedge funds looking to re-domicile in Europe, according to Gibraltarian minister for financial services, Gilbert Licudi. Nicola Smith, CEO of Gibraltar based fund administrator Helvetic, commented: "The incoming AIFMD passport regime, alongside other regulations that will make it more complicated for non-EU domiciled funds to gain approval and to market to EU-based investors, is resulting in many Hedge Funds seeking a foothold in a member state.

Press Release Distribution , New AIFMD passport regime opens way for surge in Gibraltar-based funds, New AIFMD passport regime opens way for surge in Gibraltar-based funds