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Nevis was established to offer an innovative investment medium which modify specifically to the needs of discerning clients.
Under the Nevis International Mutual Funds Ordinance, a mutual fund refers to a company incorporated, a partnership formed, a unit trust organized or other similar body formed under the laws of Nevis. The fund have to issue shares that entitle the holder to receive on demand, or within a specified period after demand, an amount computed by reference to the value of a proportionate interest in the whole or part of the net assets of the company.
Brown Advisory Opportunity Instl investment seeks long-term capital appreciation. The fund primarily invests in the equity securities of companies that generate high returns on invested capital, have display an above average increase in earnings over the past few years and that have strong sustainable earnings prospects and attractive stock prices. The fund generally invests in small and mid-capitalization companies. It is nondiversified.
One of the innovative features of the Ordinance is that it allows for three classes of Mutual Funds: Public Fundwhich offers its shares or units to the general public and are essential to be registered; Private Fundwhich offer its shares on a private basis, has no more than 50 investors and is required to be recognized by the Minister of Finance upon proof that it is lawfully constituted; and Professional Fundwhich is available only to specialized investors with an initial investment of not less than 100,000 US dollars and is also required to be recognized by the Minister of Finance, but can be fully operational for a period of 14 days without being recognized under the Ordinance. 

A Nevis International Mutual Fund must have a licensed and independent fund custodian. There must also be a licensed manager or manager of the fund. An attractive aspect of the Nevis Mutual Funds is that Managers or Administrators who are not resident or resident in Nevis and who are authorized to provide services under the laws of a recognized jurisdiction may operate from within Nevis after receiving written permission from the Minister of Finance. Additionally, a licensed or recognized mutual fund of a prescribed jurisdiction can easily be sustained or redomiciled in Nevis, if it is in good standing. The same redomiciliation privilege is given to the investment manager and administrator of that existing fund.

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