Cayman-based group to launch fund platform in Q1 2017

Grand Cayman-based Bell Rock Group, a provider of Cayman Islands hedge funds governance services, is launching the Evolution Offshore Emerging Manager Platform in the first quarter of 2017. The platform aims to support new and existing fund managers who want to launch an offshore fund, build a track record and raise capital.

"We can welcome an unlimited number of funds to the platform," executive director Drew Dhanraj told Opalesque. "From discussions, certain managers may want to run different strategies or share classes for specific investors and separate funds can be launched on the platform if they so wish. This is also useful to many managers who have traditionally been running managed accounts but perhaps wish to run a single investor offshore fund. However, we expect new managers to launch on the platform where they have traditionally been employed at a leading financial institutions but now wish to spin-out and run their own offshore fund, lock in seed capital, start building a track record and raising investment capital."

The turnkey fund launch solution includes independent legal counsel, board support, corporate services, independent directors, fund administrator, custodian and auditor. Other optional services available include introductions to cap intro/third-party-marketing, accounting, prime brokers, market research, cross-border regulatory advice and compliance. It is available for traditional open-ended hedge fund strategies, long-only funds, private equity funds, real estate funds and infrastructure funds. The time-frame to launch is about three weeks.

Bell Rock is currently in discussions with emerging managers and larger established manager in Europe, Switzerland and Asia who wish to launch in Q1. The platform is not purely ......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.