By Chris Griffin (pictured) & Robert Milner – Recently, the unprecedented combination of Brexit and Covid-19 has generated a sharp rise in the number of fund managers contemplating a move to Jersey. In this article, Chris Griffin and Robert Milner, funds partners in the Jersey office of leading offshore firm Carey Olsen, explore the reasons behind the increase in interest.
Legal & Regulation
By Joe Moynihan, CEO, Jersey Finance – Rafts of global regulatory initiatives are continuing to challenge traditional fund structuring models and make the fund domiciliation picture far more complex, with investor buy-in becoming absolutely vital.
The FCA has fined Corrado Abbattista, formerly a portfolio manager, partner and Chief Investment Officer at Fenician Capital Management, GBP100,000 for market abuse and prohibited him from performing any functions in relation to regulated activity.
Sadis & Goldberg: Best Law Firm – The marketplace is in demand of Alpha and Beta. In view of this, the industry can expect to see strong growth with the launch of open-end funds and growth of assets under management due to the market’s recent ongoing volatility since March 2020.
Ogier: Best Offshore Law Firm – The continued growth of global regulations will continue to have an impact on every aspect of the investment funds industry, including the Cayman Islands as a jurisdiction. In this environment of rising regulation investment managers are increasingly looking to law firms like Ogier to provide them with support and help bring consistency across jurisdictions.
This is the final part in a series of four articles from the DMS Client Solutions Team, bringing you a unique perspective on the challenges and opportunities presented by the shifting European regulatory landscape. Last week, David Morrissey offered his unique personal perspective on the evolution of the third party management company sector. This week, James Woodbridge, Associate Director in the firm's Cayman office, and part of the Fund Governance Team, provides an update us on the history of SPACs, how they have evolved over the years, and their positioning for the future.
This is the third in a series of four articles from the DMS Client Solutions Team, bringing you a unique perspective on the challenges and opportunities presented by the shifting European regulatory landscape. In last week’s article Daniel Forbes explored explored the evolving landscape in Ireland for Fund Management. This week, David Morrissey (pictured), DMS Global Head of Client Solutions, offers his unique personal perspective on the evolution of the third party management company sector.
In a consistent effort to improve its value proposition to investment managers and service providers, the Bahamas has continued to fine-tune its legislative framework, pandemic notwithstanding. The changes expected will support the growing trends witnessed within the financial services industry, both in the Bahamas and on a more global scale.
By Matthew Chapman (pictured), Director, ACA Compliance Group – Geopolitical change and uncertainty, regulatory sabre-rattling and industry shake-ups have combined to create a perfect storm for many financial services firms when it comes to their trade and transaction reporting obligations under MiFIR, EMIR and SFTR.
High set up costs could stymie the fortunes of emerging and start up managers before they even make their first step. Malta offers such organisations the opportunity to set up their business in a low-cost jurisdiction while taking advantage of the high touch service they would benefit from due to the size of the industry.