Addressing approximately 300 delegates at the Brazil Hedge Fund Forum, Minister Gilbert Licudi insisted that Gibraltar ‘has now firmly positioned itself as a strong EU alternative to Dublin and Luxembourg for the establishment and management of hedge funds.

Minister Licudi also noted that Gibraltar was now specifically targeting New York and Latin American funds and fund management as it proved to be the jurisdiction of choice in Europe for funds. He added that he expected the funds sector in Gibraltar to grow in a way, which would make Gibraltar a significant player in the global funds industry.

During his time in Brazil, Minister Licudi was interviewed by Bloomberg and the New York Times. Speaking to the New York Times, the Minister insisted that ‘Gibraltar was a natural bridge to connect European investors ‘surging appetite for Latin America’.

The article also noted that the Minister I set to meet with a number of interested parties in New York next month.