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.
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.
The hedge fund industry has welcomed a decision by the European Union to remove the Cayman Islands – a major offshore domicile for the global hedge fund industry – from a tax haven blacklist.
Jersey Finance is expecting an increase in fund migration to the island following an amendment to the Limited Partnership (Jersey) Law 1994.
By A Paris – In the face of the current uncertainty and volatility across global markets, the financial industry in The Bahamas has been making changes to refine and strengthen its position as an international financial centre. This is being done to buttress its international standing and help sustain business longevity for all players involved.
By Jude Scott, Cayman Finance - Governments around the world have taken dramatic action to address the health risks caused by Covid-19, but doing so has also created a wide range of significant economic risks as well.
By Daniella Skotnicki, Harneys – The investment management industry relies on innovative and diverse strategies to create alpha and add value for investors. Whilst the benefits of gender diversity have been widely recognised, the industry, like most others, has lagged in achieving it.
By A Paris – As the global focus on regulation continues to ramp up, the financial industry in the Cayman Islands is shoring up its legislation to remain at the forefront of change and strengthen its position as a fund domicile.
By CIMA – For the past five decades, the Cayman Islands has maintained its position as the number one domicile for hedge funds. Central to its success is a comprehensive regulatory framework and the ability to adapt to evolving international standards, thus highlighting the jurisdiction’s commitment to the enhancement of financial supervision.
The Alternative Investment Management Association says the plan to add the Cayman Islands – the major offshore domicile for the global hedge fund industry – to a tax haven blacklist remains an “open matter” until any formal decision is reached.