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Global Alternative Investment Management Forum Begins
by Ulrika Lomas, for LawAndTax-News.com, Brussels

19 June 2007

The 13th annual Global Alternative Investment Management (GAIM) Forum launched in Monaco yesterday, bringing together an estimated 1,300 global investors, leading players and experts from the fields of alternative investment, academia, politics and policy.

Among those attending were fund professionals from Jersey, who travelled to the event to highlight the latest developments within the Island’s funds industry.

Delegates from the Jersey Funds Association (JFA) are attending the three day event, and Jersey Finance, the representative arm of the finance industry in Jersey, is attending and co-ordinating the visit with JFA representatives. The Jersey delegation will be setting up and manning a stand during the conference.

Gary Clark, chairman of the Jersey Funds Association, explained that:

“We are keen to talk to Forum delegates about the recent changes to the Island’s regulatory regime including the new streamlined authorisation process for closed ended funds and the recognition by the Dutch Financial Markets which enables Jersey funds to be listed on the Euronext Exchange without the need for a licence."

“However, we also want to highlight the next stage in the evolution of the Funds sector in Jersey which is likely to be based on the regulation of the service provider, rather than the fund itself in certain circumstances. We are in close consultation with the Commission and are keen to see the launch of a registered fund regime catering for those circumstances, initially in respect of closed ended funds, as soon as is practical.”

According to conference organisers ICBI, the event is the "world’s largest global event in alternative investing". They further guaranteed that "over 60% of the audience will be end investors, allocators or asset managers".

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