Editor of Hedge Funds Review Margie Lindsay talks with Simon Schilder, a partner at Ogier in the British Virgin Islands, about issues and challenges facing the hedge funds industry and offshore jurisdictions.

Simon Schilder, a partner at Ogier in the British Virgin Islands talks about the key challenges facing hedge funds and how legal counsel can help. He also discusses how the introduction of regulation and increased oversight of hedge funds will affect the industry.

Looking at the regulatory concerns, Schilder gives his thoughts on how offshore jurisdictions are likely to react to increased regulation and what kinds of changes they may need to make to ensure they are no longer a target for politicians.

Schilder examines why hedge funds will continue to need and want offshore domiciles as well as discussing what the main considerations are when a fund chooses a jurisdiction.

On the topic of due diligence, Schilder talks about the process and how he thinks it needs to be improved.

Finally, Schilder shares his thought on what he thinks the main lessons hedge funds and the legal profession can learn from the financial crisis as well as his tips on how hedge funds can avoid or survive a crisis.