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By Beverly Chandler, Opalesque London:

Ogier has had a busy few months, announcing, among other things, that in its bid to expand its worldwide network, it will be opening its first office in Luxembourg. Ogier’s global head of investment funds, Peter Cockhill explained: "It is the realisation of our strategy of providing our core services in the pre-eminent domiciles for clients engaged in cross-border investments."

Luxembourg was picked for its long history and its size, with many more assets than fellow European centre, Dublin. "European pension funds looking at investors from France, Spain or the Benelux countries have a strong preference for Luxembourg" explains Cockhill. "It’s at the heart of Europe, is multi-lingual and multi-cultural and has a number of well known and established law firms."

"It’s a nice addition for us and it means that where we have institutional fund managers looking at offering a more regulated product, we can offer them a Luxembourg product. It’s a natural complement to what we are doing elsewhere."

Changes afoot in the regulation of investment funds in Cayman has seen the expected arrival of compulsory registration for master funds which serve as master funds to registered feeder funds. Cockhill explains: "The idea is to ensure that funds which serve as master funds are themselves audited and regulated - it’s part of the more regulated world in which we live. Affected funds must register on or before 21 March 2012, so we are busy ......................

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