The Bermuda Monetary Authority is advancing preparations to sign a cooperation agreement with Europe under the Alternative Investment Fund Managers Directive (AIFMD). The AIFMD is due to be implemented across Europe by 22 July 2013. The Authority has been in
Ucits hedge funds ended the third quarter with a progression of 1.09 per cent in light of the strong rebound of the equity market, according to the Ucits Alternative Index Quarterly Industry Report. The best performing index for the period
The Association of the Luxembourg Fund Industry (ALFI) has this week published a comprehensive 46-page report on Liquidity Guidelines
London-based Fortune Asset Management is to offer a GBP 7,000 minimum investment Barclays Bank hedge fund plan aimed at UK retail investors. The Barclays Market Wiz
A framework for incorporated cell companies in the insurance sector was created in the Cayman Islands on 25 March, when the Legislative Assembly passed an amendment to allow the registration of portfolio insurance companies (PICs) within segregated portfolio company insurers
The Securities and Exchange Commission has charged a California-based hedge fund analyst with insider trading in advance of a merger of two technology companies based on non-public information he received from his friend who was an executive at one of
Two law firms in the Cayman Islands have agreed to merge early in the new year forming one of the strongest and most experienced practices in the Caribbean. Travers Thorp Alberga and Paget-Brown will continue as Travers Thorp Alberga with Ian
Charles River, a front- and middle-office investment management solutions provider, has introduced a direct interface between the Charles River Investment Management Solution Version 9.1.4.5.3 (Charles River IMS) and MarkitSERV MTM which helps clients comply with mandatory clearing requirements for newly
European Union economic affairs and finance ministers have reached agreement on the controversial proposed Directive on Alternative Investment Fund Managers, raising the prospect that the legislation could be finalised by a vote in the European Parliament next month. The EU
The Reserve Funds, the USD 35bn asset management complex behind the world’s first money market fund, has hired Patrick Ledford as Chief Investment Officer. Ledford,
