For years, entering a new financial centre as a fund manager meant building the infrastructure of a regulated fund-management business before the fund itself had proved its commercial potential. GIFT IFSC was no exception.
A manager seeking to establish an independent fund-management presence in GIFT IFSC traditionally had to create the appropriate legal and regulatory structure, build local substance, appoint key personnel and establish the operational infrastructure required to run a regulated fund. For smaller and emerging managers, these upfront commitments could make entering a new jurisdiction difficult to justify before meaningful assets had been raised.
