Nerine Trust - Guernsey, Channel Islands
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Fund administration
Nerine Fund Administrators Limited (“NFAL”) was incorporated on 2nd September 2004 and is a licensed under Section 4 of The Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended, to carry on the restricted activities of Subscription, Registration and Administration in connection with Collective Investment Schemes, General Securities and Derivatives.
In March 2005, with legal advice being provided by the Guernsey firm of Advocates, Ozannes, NFAL was involved in the establishment of one of the first Qualifying Investor Funds (“QIF”). It has a number of unusual features – it is a fund of alternative funds with a Swiss investment manager. Formed as a Class B open ended scheme it obtained a derogation to allow a Swiss bank to be the designated custodian utilising the guidelines in the Guerney Financial Services Commission’s flexible approach to authorisation policy for hedge funds.
