Reuters – Bermuda, already a popular home for hedge funds because of generous tax breaks, enacted a new law designed to help the island become an even more popular investment center, an industryassociation said on Tuesday.
Bermuda’s House of Assembly, the country’s lower house of Parliament, passed the Investment Funds Act 2006 last week, making it easier to register and license funds by eliminating unnecessary administrative procedures, the Bermuda International Business Association said in a statement.
