The Chancellor Offshore Funds Manual

CONTENTS

Page
1
INTRODUCTION
i
1
The Organization of Offshore Investment Funds
by Christopher M. Wells
1
2
The Offshore Regulatory Environment
by Paul Sedlack
9
3

U.S. Regulatory and Tax Considerations for Offshore Funds
by Mark H. Barth

21
4
The Role of the Offshore Fund Administrator
by Rick Gorter
57
5

The Role of the Global Custodian and Sub Custodian
by Francis Whelan

63
6

Methods of Calculating Performance Compensation
by Jonathan Bloom

77
7
Mutual Fund Software: The Need for Efficient IT Solutions
by Chris Higgs
93
8
Choosing Hedge Funds and Measuring Performance
by Richard Hills & Victor A. Hill
101
9

Offshore Retail Funds
by Paul Forsyth

123
10
Offshore Commodity Funds: Leverage Growth
by Susan C. Ervin
143
11
An Overview of Offshore Exchanges and Listings
by Thomas J. Karol
161
1
APPENDICES
1
APPENDICES
1
British Virgin Islands: Mutual Funds Act 1996
177
2
Bahamas: Mutual Funds Act of 1995
203
3
Cayman Islands: The mutual Funds Law (1996 Revision)
231
4
Bermuda: Monetary Authority (Collective Investment Scheme, Classification) Regulations 1998
263
5
Bermuda: Monetary Authority Standard Schemes
265
6
US Securities and Exchange Commission: Statement on the Posting of Information on Web sites by Private Companies
281