A fund for experienced high-net-worth investors has been listed on the new stock exchange in Gibraltar.

The Gibraltar Stock Exchange, which opened its doors on 10 November 2014, has admitted Lyford Global Fund Ltd to its official list. It is domiciled in Gibraltar, authorised by the Gibraltar Financial Services Commission, and is a self-managed open-ended experienced investor fund.

One of its founders, Michael Bertges, said that the main reason for its listing was 'visibility to investors'. Apparently one of the reasons why it chose Gibraltar was 'speed to market', i.e. the short time the exchange took to say yes to a listing. Grant Thornton Fund Administration Ltd submitted its name only one month before approval.