PwC and Elwood report confirms Gibraltar is top jurisdiction for hedge funds, backed by leading fintech lawyers ISOLAS LLP
The fourth annual research report on the global Crypto hedge fund space, commissioned by PwC and Elwood Asset Management, saw Gibraltar maintain its place as the third preferred jurisdiction for the domicile of hedge funds, behind the Cayman Islands and the British Virgins, and ahead of the United States.
Although the Cayman Islands retained its leading position, the British Virgin Islands overtook the United States as the second most popular location for the domiciliation of crypto hedge funds.
The data confirms that funds tend to be domiciled in the same jurisdictions as traditional hedge funds, backed by one of Gibraltar’s leading crypto law firms and funds, ISOLAS LLP. The firm continues to work with leading and disruptive crypto funds, managers and exchanges who choose Gibraltar for its advanced regulatory approach, particularly on crypto and distributed ledger technology, in addition to its work with funds. traditional speculative.
Jonathan Garciapartner at ISOLAS LLP, said: “It is encouraging to see these results show that Gibraltar continues to thrive in the crypto fund market. industry expertise, has made Gibraltar a hugely attractive home for international crypto and fintech businesses.We believe the sector will continue to thrive in the years to come and we are confident that Gibraltar will retain its privileged position as a jurisdiction of leader in the domiciliation of hedge funds.
The report shows that the total assets under management (AuM) of crypto hedge funds increased to over US$4.1 billion in 2021, from just over US$3.8 billion the previous year. an 8% increase despite the impact of the pandemic.
Luke Walsh, Director and Head of Crypto at PwC Gibraltar, said: “Gibraltar’s continued position as a global leader in the domiciliation of hedge funds is a testament to the jurisdiction’s robust regulatory framework and its financial and technological innovation, giving crypto businesses the security they need as the industry continues to evolve.”
The report, compiled from data collected in the first quarter of this year, provides an overview of the global crypto hedge fund landscape and examines both quantitative indicators, such as liquidity, and qualitative aspects, such as retention and governance best practices.
The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.