Island’s hedge fund industry boosted by increased regulation post Madoff/crisis

Royal Gazette – Bermuda is gaining from heightened regulation of hedge fund managers in Europe in the wake of the Madoff fraud case and global financial crisis.

A report by HedgeCo Networks cited Business Bermuda CEO Cheryl Packwood as saying Bermuda’s seen an increase in business and fund moves throughout 2010 as hedge fund managers reconsider their domiciles because of increased red tape.

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