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Guernsey offers a flexible choice of business vehicles for structuring funds and associated management and special purpose vehicles. Appleby’s Kate Storey (pictured) takes a closer look at the options.
The types of investment vehicle most often encountered in Guernsey are closed ended or open ended companies and unit trusts and closed ended limited partnerships. Additionally, Guernsey recently introduced its form of limited liability partnership, which has already proved popular as a vehicle to house fund managers and general partners (including of non-Guernsey funds).
TYPES OF VEHICLE
1. Company
The Guernsey limited liability company provides investors with limited liability to the amount
Fundraising – Preqin’s Real Estate Online features in-depth information on 21
Imagineer Technology Group has added AJ Herold (pictured) as a Senior Business Development Consultant to the firm’s team.
In this role, Herold will be responsible for helping increase the firm’s market presence by representing Imagineer’s industry leading CRM/investor relations and web reporting solutions for hedge funds and other asset managers. Herold will work alongside Imagineer’s Principals, Erol Dusi and Mark Daniel, in his efforts to further expand the company’s market footprint.
Prior to joining Imagineer, Herold spent 15 years in buy-side consulting roles focusing mainly on the automation of the investment management process and industry specific solutions tailored to
Odeon Capital Group, a New York-based independent Broker-Dealer with trading, investment banking and research services, has expanded into US Fixed Income Rates Trading with the hiring of a team of five individuals and the addition of veteran retail-focused analyst, Rick Snyder.
"We are very excited to add our rates team to the Odeon platform and its client first mentality. We hope to add to its already strong reputation and be a value added treasury desk for Odeon's customers. We believe that we may finally be at the beginning of a long term rising rate environment and hope we can help
Two Citigroup affiliates have agreed to pay nearly USD180 million to settle SEC charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond investors.
The funds later crumbled and eventually collapsed during the financial crisis.
Citigroup Global Markets Inc (CGMI) and Citigroup Alternative Investments LLC (CAI) agreed to bear all costs of distributing the USD180 million in settlement funds to harmed investors.
An SEC investigation found that the Citigroup affiliates made false and misleading representations to investors in the ASTA/MAT fund and the Falcon fund, which collectively raised nearly USD3
Vistra, a provider of corporate, trust and fund administration services, has expanded its Cayman Islands’ operations and recruited a Cayman resident Managing Director.
Clive Gibbons will lead Vistra Cayman Trust Limited as Managing Director. He has over 15 years offshore experience within the banking, trust and corporate services sector. Born and educated in the UK, Gibbons has spent considerable time in Guernsey, the British Virgin Islands and London, before relocating to Cayman in 2013. Clive is a qualified financial advisor, holds an ICA diploma compliance management and is an accredited director with ICSA Canada. He has sat on numerous boards
Custom House Fund Services, a provider of financial services to the alternative investment sector, has appointed Richard Hale as Director, Business Development UK.
He is based in the newly-established London office and is responsible for developing business in the UK and Europe.
“With over 20 years of experience in the funds industry, we are pleased to have Richard join us as we continue our growth as an independent provider of fund administration services,” says Mark Hedderman, CEO, Custom House. “Richard brings a strong commitment to the industry and is a welcome addition to our service-focused management team.”
“I
Global macro hedge funds appear to be maintaining a contrarian stance versus the market when it comes to positioning on government rates.
In recent weeks, managers have secured gains by taking long positions in the US and Europe thanks to a global decrease in both short- and long-term rates in fixed income markets. In the middle of July, US 10-year Treasuries were yielding 2.45 per cent, since when they have fallen to 2.16 per cent (at the time of writing). Lower yields arise when economies aren’t firing on all cylinders. Whilst the US economy has shown signs of improvement, the
The Lyxor Hedge Fund Index was up +1.3 per cent in July. 8 out of 12 Lyxor Indices ended the month in positive territory, led by the Lyxor CTA Long Term Index (+4.6 per cent), the Lyxor Global Macro Index (+2.6 per cent), and the Lyxor Variable Bias Index (+2.3 per cent).
A macro month with markets left in the passenger seat driven by highly speculative catalysts. They were bound to follow the unpredictable jolts of the intensifying Greek saga ahead of the July 20th repayment deadline. The eleventh hour deal allowed a recovery in risky asset. 3000 km away from
Standish Mellon Asset Management Company has appointed David Leduc as Chief Executive Officer (CEO).
Leduc will continue to serve as the firm's Chief Investment Officer, a position that he has held for the last five years. He succeeds Desmond Mac Intyre who will be leaving to pursue other opportunities. Mac Intyre will serve as an advisor to Standish until mid-November.
Leduc has been at Standish for over 20 years, joining the firm as a portfolio manager and analyst for US domestic fixed income in 1995. In addition to serving on the firm's Senior Management Committee, he has held a
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