BoB targets resident Australian managers

Bank of Bermuda has launched an offshore hedge fund incubator aimed at Australian resident managers. The Kangaroo Fund gives fund managers the opportunity to participate in the international arena and secure funding from investors located outside Australia. Domiciled in the Cayman Islands, it offers a range of services including fund set-up, custody, trust, administration and legal advice under one umbrella. Deacons will provide legal support, Pricewaterhouse-Coopers will provide accounting services, Goldman Sachs will provide prime brokerage and the Bank of Bermuda will provide f...