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The benefits and uses of Bermuda segregated accounts companies (SACs) to ring-fence assets and liabilities in insurance and investment fund structures are well-known and well-tested. The Bermuda Supreme Court has consistently upheld confidence in, and strength of the statutory segregation and ring-fencing of assets and liabilities in a SAC.
One novel area to explore is the use of an SAC in private client wealth management. In the private client sector an innovative use of a SAC mutual fund company can be a unique add-on feature to the usual combination of trust and corporate entities for wealth management. A private SAC mutual fund solely dedicated to a high net worth family may be established to achieve flexible and diverse investment and inter-generational asset protection objectives while allowing for a greater degree of engagement by family investors.
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The Family Office Bermuda Mutual Fund Segregated Accounts Company: An Innovative Tool in Private Wealth Management
This article was originally published in Eurekahedge, October 2016.