Legal & Regulation

Crestbridge secures Luxembourg funds administration licence

Tue, 03/12/2019 - 13:45

Crestbridge has been granted a funds administration licence in Luxembourg in a move that significantly bolsters the company’s capabilities in the jurisdiction and its multi-jurisdictional proposition for alternative fund managers. »

Offshore fund investors to check tax reporting, before HMRC does

Mon, 02/12/2019 - 10:20

Just under two months out from the 2018/19 tax return submission deadline, KPMG is warning offshore fund investors to check their tax reporting, before HMRC does. »

Goldman Sachs to pay USD1m CFTC penalty for record-keeping violations

Thu, 28/11/2019 - 09:28

The US Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against Goldman Sachs & Co for failing to make and keep certain audio recordings as required under CFTC regulations for swap dealers. »

BVI: the new home of the start-up hedge fund manager

Tue, 26/11/2019 - 14:27

By Simon Gray, BVI Finance – A new generation of hedge fund managers are looking to make a name for themselves. But starting a fund, raising money and managing a back office can be a gruelling task even for the most talented rising stars. »

BVI funds - a smart bet in uncertain times

Tue, 26/11/2019 - 14:25

By Christopher Simpson & Kerry Anderson – News outlets, including The Guardian and CNBC, were reporting and market watchers were opining in early 2019 that a slowing world economy forebodes a major global economic shift – possibly another recession. By mid-August, the concern found renewed attention when analysts pointed to an inverted yield curve in the United States Government bond market as a historical precursor to a recession. »

Opportunities for private clients in the BVI

Tue, 26/11/2019 - 14:19

By Ian Montgomery, Partner, Collas Crill – A new generation of offshore incorporations: Succession planning for offshore incorporations, particularly those where companies are controlled by one individual, needs careful consideration. Problems can arise where a significant proportion of shares in a BVI company are held by a foreign-domiciled deceased individual with a foreign will or no valid will at all, particularly where the deceased was the sole director of the company. »

The rise of crypto hedge funds in the BVI

Tue, 26/11/2019 - 14:15

By Simon Gray, BVI Finance – The crypto hedge fund is a new phenomenon, created by entrepreneurial investment managers looking to take advantage of the huge gains that cryptocurrencies have experienced over the last three years. »

The BVI approved manager - a tailored solution for start-up managers

Tue, 26/11/2019 - 14:12

By Paul Waldron (pictured), Harneys BVI – The BVI approved manager product, first introduced in 2012, continues to be a popular choice with start-up and emerging managers all over the world. It was introduced as an alternative to the full investment management licence available under the Securities and Investment Business Act, 2010 (SIBA) in the BVI, which remains a robust product ideally suited to institutional managers. »