国外有创意的商务PPT模板

An‘outofthebox’approachtohedgefundadministrationWhynottouseBermudaasyourdomicileofchoiceJasonBibb,HedgeFundsandAlternativeInvestments“…Bermudaseemstobeclosedforbusiness…”“…Bermudaistooregulated…”“…Bermudatakestoolongtoestablishanhedgefund,otherjurisdictionsareeasier…”“…betweenallthethirdpartyserviceproviders,Bermudaistooexpensive…”“…cannotfindqualitygoodpeopleinBermuda…”“…IcandoeverythinginCayman,whichiseasierformybusiness…”The‘Bermuda’PerceptionAggressiveOffshoreJurisdictionsseekingbusinessUS&OffshoreLawyersInvestmentManagersseekinglessonerousregulatoryenvironmentsGlobalserviceprovidersadoptingthesamemindsetHowwasthe‘Bermuda’PerceptionBorn?The‘Bermuda’comparisonBritishVirginIslandTaxNeutralenvironmentPoliticallyandeconomicallystableSimpleandflexiblesystemofregulationandcontrolNoregulatoryrestrictionsoninvestmentpolicyorfeesNorequirementtoappointdirectorsNeedtoincorporateinBVISetupandmaintenancecostsarelowFasttracksetupBermudaTaxNeutralenvironmentPoliticallyandeconomicallystableReputationforrobusteffectiveregulationNoregulatoryrestrictionsoninvestmentpolicyorfeesFlexibilityovertheappointmentofdirectors,secretariesandresidentrepresentativesNeedtoincorporateandregisterinBermudaSetupandmaintenancecostsarelowFasttracksetup,ifrequiredRobustAMLpoliciesCaymanIslandsTaxNeutralenvironmentPoliticallyandeconomicallystableReputationforlighterregulationNoregulatoryrestrictionsoninvestmentpolicyorfeesRequirementtoappointdirectors,butnotlocalApartfromanauditorthereisnomandatorylocalserviceprovisionSetupandmaintenancecostsarelowFasttracksetupTHEHEDGEFUNDMARKETANDHOWITISSERVICED2007sawstronghedgefundgrowthIrrespectiveofmarketdisruptions,allocationofassetstohedgefundquicklyresumedandincreased.Thetotalassetsmanagedbyhedgefunds,increasedby24.4%toanestimated$2.68trillion.Thiscomparestoanincreaseof28.1%throughthesameperiodin2006.TheGlobalHedgeFundMarketSource:HedgeFundNetHFNAverageActiveFundsFeb2008YTD2007HFNAggregateAveragesHFNHedgeFundAggregateAverage52642.38%-0.27%10.53%HFNFundofFundsAggregateAverage28321.65%-1.10%9.27%HFNRegionalAveragesHFNAsiaAverage6951.46%-4.19%14.73%HFNEuropeAverage7311.24%-2.19%7.52%HFNGlobalAverage42992.91%0.91%10.00%HFNLatinAmericaAverage1144.07%1.20%23.63%HFNMiddleEast/NorthAfricaAverage244.73%-0.67%36.35%HFNNorthAmericaAverage21541.50%-1.00%9.10%HFNCountrySpecificAveragesHFNAustraliaAverage441.69%-1.90%10.70%HFNBrazilAverage645.23%1.49%33.33%HFNChinaAverage692.21%-7.94%50.36%HFNIndiaAverage46-4.15%-15.44%51.79%HFNJapanAverage2221.66%-2.07%-3.53%HFNRussiaAverage595.11%-1.71%22.81%HFNUSAverage20431.34%-1.12%9.17%GlobalHedgeFundMarketPerformanceFiduciary&DirectorialServicesDomestic&OffshoreFund,PortfolioandPartnershipAccountingServicesInvestorServicesCorporateGovernance&CompanySecretarialServicesWhatcanyourHedgeFundAdministratorofferFiduciary&DirectorialServicesFund,PortfolioandPartnershipAccountingServicesInvestorServicesCompanySecretarialServicesAFullyIntegratedTechnologyPlatformFundAdministratorsBanks,PBs&CustodiansOnshore&OffshoreLawyersAuditorsThecollaborativeapproach?AdministrationChallengesinBermudaBermudaCostContainmentManaginginternalexpansionOffshoringStaffRetentionImmigrationITSystemsTheAdministrationChallenges?HEDGEFUNDHOTTOPICSBermudaintroducesnewInvestmentFundsActTheCompaniesAmendmentAct2006FairValueMeasurementGuidelinesforthevaluationofhedgefundinvestmentsHedgeFund‘Hot’Topics•TheInvestmentFundsAct2006cameintoeffecton7March2007•Coverstheregulationandsupervisionofmutualfundcompanies,unittrustsandlimitedpartnershipsestablishedinBermuda•Thenewlegislationrepresentsrisk-basedregulationthatisakeycharacteroftheBermudajurisdiction•NopersonshalloperateafundinorfromBermudaunlessthefundhasbeenauthorisedundertheActorisexempt•TheActalsoprovidesanewlicensingregimeforfundadministrators•ItisnowanoffensetocarryonadministrationinorfromBermudawithoutbeinglicensedundertheActHedgeFund‘Hot’Topics-InvestmentFundsAct-•Changesinminimumsharecapital–Thereisnolongeraminimumsharecapitalrequirement–BermudacompaniescannowholdTreasuryshares•Unrestrictedcorporateobjectives–TheActallowsacompanytohaveunrestrictedobjectsandpowerswithinitsMemorandumofAssociation•Changeinrequirementsforexecutionofdocuments–The‘unanimous’requirementofwrittenresolutionshasnowbeencancelledandaneffectiveresolutioncannowbepassedbythesamemajorityofvotingshareholdersaswouldberequiredhadaphysicalmeetingbeenheld•Executingdeedsanddocumentsunderwitnessedcorporatesealisnowoptionalasopposedtomandatory•E-friendlyinitiatives–TheActhas‘e-enabled’certainfiling,noticeandvotingrequirementshelpingtoimprovethespeedandeffectivenessofcorporatecompliance–ThevotingprocesshasbeenmodernizedwherebytheActallowsforashowofhandstobesupplementedbythecommunicationandcountingofvotesreceivedHedgeFund‘Hot’Topics–TheCompaniesAmendmentAct-•EffectiveforfiscalyearsbeginningafterNovember15,2007•FAS157establishesasingleauth