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Hedge fund acquisition.



Fortis Prime Fund Solutions, a hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long"  administrator and an arm of Fortis Merchant Bank, has acquired Hedge Funds Services--the largest fund administrator in the territory, reports The Virgin Islands Daily News (March 14, 2006). Ruth Chadwick, director of investment business at the BVI Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 Commission, said HFS (Hierarchical File System) The file system used in the Macintosh. The first version, known as "Mac OS Standard," was introduced in 1985. HFS+, an enhanced version, came out in 1998 in preparation for the upcoming Mac OS X operating system.  has US$2.3 billion in assets from 104 funds. An Advent Software Advent Software (NASDAQ: ADVS) makes software designed to automate portfolio accounting for investment management firms, ranging from family offices and investment advisors to large institutional investors and hedge funds.  survey found that the BVI ranks second, overtaking Bermuda, with 9% of the global hedge fund market (Bermuda has 7%). By the end of 2005, more than 2,500 private, professional and public funds, most of which are hedge funds with an estimated asset value of more than US$119 billion, operated in the territory. Some 700 fund managers and administrators have been licensed since the BVI Mutual Funds Act went into effect in 1996.
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Title Annotation:BRITISH VIRGIN I.
Publication:Caribbean Update
Date:May 1, 2006
Words:137
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