Administered Funds
Administered funds in Bermuda have specific requirements that must be met for their establishment and operation. The key requirements for administered funds in Bermuda include:
- Licensed Fund Administrator: An administered fund must have a fund administrator that is licensed in Bermuda by the Bermuda Monetary Authority (BMA). This requirement ensures that the fund is managed by a competent and approved entity, adhering to the regulatory standards set by the BMA.
- Minimum Investment Amount: Investors in an administered fund are required to invest a minimum of US$50,000 in the fund. This minimum investment threshold is a standard requirement for administered funds in Bermuda, distinguishing them from other fund types that might have different investment minimums.
- Listing on a Stock Exchange: Alternatively, instead of the minimum investment requirement, an administered fund can be listed on a recognized stock exchange. This provides an additional avenue for administered funds to meet the regulatory criteria set by Bermuda’s authorities.
These requirements are in place to regulate and maintain the integrity of the investment fund industry in Bermuda, ensuring that administered funds operate in a manner that is transparent, reliable, and beneficial for investors