Bermuda is the latest jurisdiction to update its regulation in response to the rising prominence of blockchain technology innovation and Initial Coin Offerings. The Companies and Limited Liability Company (Initial Coin Offering) Amendment Act, 2018 (the “ICO Act”), came into force on
SuperDerivatives, a provider of derivatives pricing and multi-asset front-office systems, risk management, revaluation and online options trading solutions, has launched the next generatio
Last week, new rules from the UK’s Financial Services Authority came into force under which hedge funds and other investors must reveal their positions when shorting firms that are in the
Bermuda is embracing the blockchain revolution, and creating a robust and fit-for-purpose legal and regulatory framework governing initial coin and token offerings (ICOs) and digital asset businesses. Fintech businesses could, according to Scott Watson-Brown (pictured), PwC Bermuda’s Asset Management leader,
Singapore Exchange has appointed Jeremy Ang Peng Leong as chief executive of the Singapore Commodity Exchange, following its acquisition of the exchange, which is scheduled to be completed
Bermuda’s Insurance Linked Securities (ILS) marketplace has proven to be resilient over the years. The Bermuda Stock Exchange (BSX) has significantly outpaced other global markets and now lists more than 300 insurance linked securities, collectively representing USD30.92 billion, with international
The global hedge fund industry continued its recovery in February, gaining 0.97 per cent on an equal-weighted basis, and 0.40 per cent on an asset-weighted basis. Roughly 75.5 per cent of the hedge fund managers tracked by Eurekahedge recorded positive
On 17 December 2018, Bermuda formally introduced the Economic Substance Act 2018, the measures therein becoming applicable with effect from 1st January, 2019. Its genesis resulted from Bermuda being placed on the EU’s grey list of jurisdictions due to concerns over
By Matthew Ebbs Brewer, Sally Penrose & Alexis Haynes, Appleby Global – As interest continues to be shown to the growing digital asset industry, attention is being given to the concept of tokenising investments in mutual funds. In 2018, Bermuda implemented
A net short stance maintained since November 2007 has enabled the SVM Highlander Fund to produce a positive year-to-date performance and to achieve estimated returns of 7 per cent in the f
