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Guernsey’s zero-10 corporate tax regime has been deemed harmful by the EU’s Code of Conduct Group on Business Taxation.
The Code Group had previously ruled similarly in relation to both the zero-10 regimes of both Jersey and the Isle of Man.
Guernsey had argued that the offending element from the Jersey and Isle of Man regimes, known as deemed distribution, was different in its tax system to the extent that the Island’s zero-10 regime was actually compliant with the Code Group’s criteria.
However, on the day following a General Election in the Island, a statement from Guernsey’s Policy Council said:
Amidst ongoing Eurozone concerns and uncertainty surrounding Spain, Schroders’ Head of Global Macro, Bob Jolly, discusses his tactical approach in light of his outlook for the global fixed income markets…
The risks to growth expectations could go either way, so we expect markets to remain nervous and levels of volatility to remain elevated. We believe the best approach in this environment is to trade tactically instead of taking any significant strategic positions.
However, we are still taking a strategically positive view on the prospects for US growth. We are less bullish about the US economy than we were a month ago, but
JP Morgan Asset Management has moved swiftly with an announcement this week that it has gone live with Key Investor Information Documents (KIID) for its Lux-domiciled suite of UCITS funds.
San Francisco-based Matthews International Capital Management LLC, America’s largest dedicated Asia investment specialist, has started to offer a number of its Lux-domiciled UCITS on <
London-based Kestrel Investment Partners announced this week the launch of a new global multi-asset UCITS IV fund; the Kestrel Global
Lugano-based SwissWealth Management has launched its first alternative UCITS fund of funds which aims to avoid hedge fund replica strategies reported Citywire Global this week.
Scipion Capital (Scipion), the Africa investment specialist, has opened its Commodity Trade Finance (CTF) Fund to US investors for the first time. This is the firm’s first step in a concerted effort to expand its investor base in the US. In particular, the firm will be targeting US investors looking for absolute returns and real alpha.
The CTF Fund has achieved 55 months of consecutive positive performance since it was launched in August 2007. The fund provides loans directly to companies and financial institutions trading in soft commodities in African markets, and makes its returns through reimbursement of the
As part of a new, client-centric approach to execution consulting called UBS Quant on Demand (UBS QUOD), UBS has launched a new algorithmic trading tool called UBS QUOD Studio.
UBS QUOD Studio is an iPad® app allowing UBS algorithmic trading team members to collaborate with clients to rapidly design, simulate and develop execution strategies for trading in the securities markets.
“Our aim is to turn the process of product development and execution consulting on its head – making our platform client-centric and more immediate.” says Owain Self, Global Head of Algorithmic Trading at UBS. “The first tool we are launching
The Federal Reserve Board has announced its approval of a statement clarifying that an entity covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the so-called Volcker Rule, has the full two-year period provided by the statute to fully conform its activities and investments, unless the Board extends the conformance period.
Section 619 generally requires banking entities to conform their activities and investments to the prohibitions and restrictions included in the statute on proprietary trading activities and on hedge fund and private equity fund activities and investments.
Section 619 required the Board to adopt
Aquila Capital, the Hamburg-based alternative investment company, is expanding its position in the agricultural investment space with the appointment of seven highly-experienced ‘farmers who speak finance’.
The expanded team enables Aquila Capital to meet a growing demand for a globally diversified portfolio of agricultural investment solutions.
Aquila Capital has an advisory team whose background lies in farming rather than in the financial industry. The team is therefore strongly placed to provide high-level advice and insight into the fast developing trends in the global agricultural arena.
The expansion of its agricultural team is designed to widen Aquila Capital’s reach
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