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Frank Nagy Financial Services completes offshore fund offering for Pyxis32 Ltd.

Global business consulting firm to assist with consulting and preparing offering documents to closed-end BVI hedge fund company

 
PRLog - Oct. 31, 2011 - Frank Nagy Financial Services, a global consulting firm specializing in U.S. and foreign private placement offerings, announced that they have been retained by Pyxis32 Ltd. (Pyxis)  to provide professional services and to prepare and develop a closed-end fund company domiciled in the British Virgin Islands. “The British Virgin Islands (BVI) is an excellent choice for Pyxis due to the fact that they wish to raise capital from foreign investors,” said Frank Nagy, Managing Director of Frank Nagy Financial Services. Mr. Nagy also stated that Pyxis will be exempt from registration from the BVI financial commission since the company will not operate as a public fund.  A claim of exemption will be filed by Pyxis with the U.S. Commodity Futures Trading Commission (CFTC) pursuant to Rule 4.13(a)(4).

The extent of the services provided by Frank Nagy Financial Services will involve advising, preparing and developing the complete BVI company fund offering documentation including relevant disclosures.

“Pyxis aims to achieve consistent absolute returns over the short term by engaging in the trading of foreign currency pairs. We seek to realize our objective by capitalizing on the underlying momentum of foreign currency pairs utilizing a proprietary trading system provided by our technology partner”, said Alan Howell, Managing Partner of Pyxis32, Ltd.    Mr. Howell also said that although Pyxis will primarily focus on trading GBP/USD and EUR/USD, they may at any time add or remove any currency pairs.

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Frank Nagy is managing director of Frank Nagy Financial Services. As a business development consultant, Mr. Nagy provides a wide array of global business solutions and corporate paralegal services specializing in US.(Reg D) and foreign private placement stock offerings (Reg S) as well as onshore/offshore hedge fund formations. For more information, visit: http://www.franknagyfinancialservices.com

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Frank Nagy Financial Services does not sell securities, nor provide legal or tax advice.

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Source:Frank Nagy
Country:United States
Industry:Raising capital
Tags:hedge fund, offshore, foreign currency, frank nagy
Last Updated:Oct 31, 2011
Shortcut:prlog.org/11711879
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