Funds incorporated in the British Virgin Islands will now have further legal and regulatory support following the enactment of the Securities & Investment Business Act. The Act, which became law yesterday, codifies some of the practices already undertaken by funds
BNP Paribas Securities Services has reinforced its global offering ahead of the Alternative Investment Fund Managers Directive (AIFMD), which is set to significantly transform the fund management industry. The bank has just opened a new branch in the Netherlands,
Dresdner Kleinwort Wasserstein (DrKW), the investment bank of Dresdner Bank AG, has announced two appointments to the Principal Trading unit within its Short Term Products g
London-based GIA JD Farrods has extended the offer period of its latest US Dollar capital protected note to 23 July 2003. Credit Lyonna
Guernsey has signed a tax information exchange agreement with Greece. It was signed by Guernsey’s chief minister Lyndon Trott (pictured) and Ilias Plaskovitis, secretary general of the Ministry of Finance in Greece. Plaskovitis signed the agreement during the Global Forum
Offshore legal and hedge funds specialist Walkers has opened the first fully transactional law firm office in the Dubai International Finance Centre (DIFC). The mov
On 15 February, the Cayman Islands Government issued a Financial Services Industry Advisory regarding Cayman Islands ‘master funds’ which had only one regulated feeder fund. The Advisory stated that the Government and the Cayman Islands Monetary Authority (CIMA) both disagree
Jesus Mardomingo and Jorge Canta of Madrid-based law firm Cuatrecasas outline Spain’s new legal framework for collective investments. Following a process taking mor
Backstop Solutions is to integrate its innovative investment partnership management software with HedgeOp’s web-based compliance platform. The alliance plans to ena
 IKOS, the London-based hedge fund manager, has seen assets in its Financial strategy grow more than 200 per cent in the last three months.
