Port communication彭易经理今天给大家介绍下关于离岸基金的相关知识，Let’s learn together! one、离岸基金的概念离岸基金又称离岸证券投资基金，是指一国的证券基金组织在他国发行证券基金单位并将募集的资金投资于本国或第三国证券市场的证券投资基金。离岸基金(OffshoreFund)：Mutual funds with corporate headquarters outside Hong Kong。
Most mutual funds sold in Hong Kong are in Luxembourg、百慕大或都柏林等海外管辖区注册成立。two、离岸基金的历史离岸基金的注册地通常为英属维尔京群岛、开曼群岛及百慕大等离岸群岛。
The fund chooses to establish in these areas，通常是因为这些地区对于基金的监管相对较松，同时当地政府豁免该基金来自于非当地收入的税收，also，有的地方还准许基金成立后可向全球公开发售。目前在开曼群岛各种类型的基金数量多达6000多只。
而作为后起之秀的BVI自1998年开放离岸基金市场以来，已注册的受监管的基金数量达到3400多只。目前百慕大也有1600多只注册的集合投资计划。It should be noted that，The above figures do not include the large number of funds that enjoy regulatory exemptions under local laws.。It can be seen that funds registered in offshore islands have become one of the first choices for many funds.。
三、The judicial form of offshore funds, the limited partnership among the partnership types, is the most popular organizational form of private equity funds.，美国80%以上的私募股权基金都采取了这种形式，且在美国设立的大部分基金都设立为特拉华州有限合伙，欧洲的私募股权基金也大都采用此类组织形式，Therefore, limited partnerships are also regarded as the key to the success of American private equity funds.。
四、离岸基金的开户开曼的离岸基金从公司法的角度来看，Essentially it is still a Cayman exemption(exempt)company，no taxes，The difference is that it passes the charter(备案登记，and comply with Cayman fund-related laws and regulations)定义了公司与投资者以及其他相关利益角色的关系，而成为了一个基金。
So how to open a Cayman offshore fund account?，Can be used at any stage of fund establishment，It can be carried out as long as the company is established。General accounts will not be opened in Cayman.，而是可以优先考虑开在香港和新加坡等地。
另外在仅仅开始运作之后还有两种帐户，一个是cash account现金帐户，Opened by the administrator in the name of the fund，All investments are made before entering the investment account，to access this cash account，and approved by the administrator(KYC)to enter the investment account。Investment accounts, of course, refer to accounts invested in other financial institutions when the fund is actually operating.。
五、The main forms of offshore funds refer to offshore funds here.，依据设立形式的不同主要分为私募股权投资基金(Private Equity Fund)与对冲基金(Hedge Fund)两类。private equity investment，即Private Equity，简称PE，是指投资于非上市股权，或者上市公司非公开交易股权的一种投资方式。
私募股权投资的资金来源，It can also raise funds from unspecified members of the public.，Non-public issuance can also be adopted，向有风险辨别和承受能力的机构或个人募集资金。Because private equity investment is risky，Insufficient information disclosure，Therefore, it is often in the form of non-public fundraising.。
Most of those who set up PE are groups with a small number of investors.，individual or family，The number of investors is limited to 15 people，所针对的投资项目或所持有的资产都相对固定与稳定。对冲基金Hedge Fund，人们把金融期货和金融期权称为金融衍生工具(financial derivatives)，They are often used in financial markets as hedging、规避风险的手段。
over time，in financial markets，Some fund organizations use financial derivatives to adopt a variety of profit-oriented investment strategies.，These funds are called hedge funds。
at present，Hedge funds have long lost the connotation of risk hedging，正好相反，It is now widely believed that hedge funds are actually based on investment theories and extremely complex financial market operating techniques.，Make full use of the leverage of various financial derivatives，承担高风险、Pursue high-yield investment models。
由于Hedge Fund对其投资人数无上限限制，Therefore, you need to apply for a registered fund(Registered Fund)便于投资与管理。六、Offshore fund maintenance
cost
以简单的PE为例，收费内容包括：一年的政府
cost
、顾问
cost
、Fund management
cost
and
cost
。如果是Hedge Fund
cost
比简单的PE高。
If you still want to know more about this aspect，欢迎随时咨询彭易经理！
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