TaxNews – The number of funds in Gibraltar increased from 20 in 2006 to 215 in 2012, according to the Financial Services Commission. The total value of assets administered in Gibraltar grew from GBP214m (USD346m) to GBP3.48bn over the same period.
Hedge fund managers are attracted to the British overseas territory because of its low tax rates and laws which allow managers to market funds throughout the European Union.
