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Although the overall number of countries with tax issues as a result of implementation of the UCITS IV Directive has decreased since 2010, there still remains a significant portion of EU Member Sta
The Cayman Islands and British Virgin Islands (BVI) offices of international law firm Maples and Calder (Maples) have recruited seven partners and three associates to join the firm’s growing investment funds practice.
Currently at offshore firm Walkers, partners Julian Ashworth, Heidi De Vries, Sheryl Dean, David Marshall, Philip Millward and Gwyneth Rees, and senior associates Philip Dickinson, Patrick Head and Lucy Nicklas will be joining Maples’ Cayman Islands office and partner Tim Clipstone will be joining the firm’s BVI office as soon as they are free to do so under their existing arrangements. These 10 key hires will reinforce Maples’
IFG Group has signed an agreement for the sale of its entire International Division (Segment) to AnaCap Financial Partners II LP.
The purchase price is GBP70 million (EUR84 million) which will be paid in full on the completion of the sale. The purchase price shall be subject to an adjustment upon finalisation of the completion accounts. The sale is subject to certain conditions including shareholder and regulatory consent. The EGM, at which an ordinary resolution approving the sale shall be voted upon by the shareholders, shall be held in advance of the AGM on 27th June 2012. A circular incorporating a
HFR and Morningstar have launched a strategic distribution partnership with Morningstar Direct Institutional Software.
HFR is a leading provider of indices, data and analysis for the hedge fund industry, and Morningstar, Inc is a leading provider of independent investment research. Subscribers to, including HFRX and HFRI Indices, hedge fund database and analysis of alternative industry trends for use within the Direct platform.
Morningstar Direct combines Morningstar’s global investment data and content with sophisticated research analytics and tools to interpret financial information for investment ideas and communicate it in clear, visual reports. More than 1,700 institutions subscribe to Morningstar Direct
Although last year was one to forget for Asian hedge funds, in particular long/short equity managers who ended the year down nearly 14 per cent, things have started to take on a more positive hue i
Hong Kong Exchanges & Clearing (HKEx) are to spend HKD3billion (USD388million) on technology upgrades over three years to expand its derivatives business and boost trading speeds as competition
Michael Hintze, founder and chief executive of USD11.8billion hedge fund firm CQS, believes that while Asia markets have moved on since the cri
The Annual General Meeting of the Swiss Funds Association (SFA) has elected Felix Haldner (pictured), Head Investment Structures at Partners Group AG, as an additional member on the SFA Board of Directors.
The SFA already represents the interests of asset managers regulated under the CISA. This expansion of the Board of Directors is aimed at ensuring even greater representation of the views and concerns of asset managers looking to the upcoming amendments to legislation. The SFA is thus underscoring its commitment to the asset management industry in Switzerland.
At today’s General Meeting in Bern, the members of the SFA elected
All eyes will be on former UK Chancellor of the Exchequer Norman Lamont (pictured) and Economics Editor and Broadcaster Stephanie Flanders as they debate the future of the financial markets at the Guernsey Funds Forum 2012.
The event, titled ‘Shaken not stirred’, will be held at the Grange St Paul’s Hotel in London on Wednesday 2 May. It will comprise three sessions, culminating in a keynote debate featuring Lord Lamont and Stephanie Flanders where the audience will have the opportunity to cross-examine the pair in a ‘Question Time’ format. The debate and the preceding panel sessions will all be moderated
The US District Court for the Eastern District of New York has issued an order granting a preliminary injunction and other relief against Brian Raymond Callahan of Old Westbury, New York, and Callahan’s investment advisory firms, Horizon Global Advisors Ltd., and Horizon Global Advisors, LLC.
The Security and Exchange Commission’s complaint, filed on 5 March, 2012, alleges that Callahan defrauded investors in five offshore funds and used some of their money to buy himself a multi-million dollar beach resort property on Long Island. According to the Complaint, Callahan raised more than USD74 million from at least two dozen investors since
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