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Deutsche Bank has published its tenth annual Alternative Investment Survey, which was conducted in December 2011 by the Bank’s Global Prime Finance business.
Approximately 400 investor entities worldwide, representing more than USD1.35 trillion in hedge fund assets and over two thirds of the entire market by assets under management (AUM), participated in the industry’s largest and longest standing comprehensive hedge fund investor survey.
Nearly half of the investors surveyed individually manage and/or advise over USD1bn in hedge fund assets. Respondents include public and private pensions, foundations and endowments, government organisations, funds of funds, private banks, investment consultants and family
A welcome inclusion in South Africa’s national budget on Wednesday was a further commitment to a broad-based investment manager exemption, says Rupert Worsdale (pictured), partner with Maitland, London…
It was proposed that a legislative carve-out be created for foreign investment funds so that these funds are not inadvertently subject to worldwide taxation by virtue of the activities of South African based investment managers.
A year ago, a very narrow investment manager exemption was introduced removing liability in relation to limited partnership structures where the general partner was South African based. Very few international structures are structured in this way.
However,
Hedge funds are leveraging outsourcing in diverse ways to expand offerings and enhance productivity. As technology becomes a strategically important differentiator for hedge funds, outsourcing enables managers to develop a reliable, scalable infrastructure while focusing on their core money management competencies.
Eze Castle Integration, in conjunction with Pershing Prime Services, has developed a guide which examines the various options that exist in outsourcing. Eze Castle Integration tapped into its extensive network of industry sources, and drew on its in-house expertise and deep experience with leading hedge funds to produce this comprehensive guide, which highlights recent trends and includes practical information
On 15 February, the Cayman Islands Government issued a Financial Services Industry Advisory regarding Cayman Islands ‘master funds’ which had only one regulated feeder fund.
The Advisory stated that the Government and the Cayman Islands Monetary Authority (CIMA) both disagree with an interpretation held by some practitioners that a ‘master fund’ with only one regulated feeder fund is not required to be registered with CIMA and that they will issue amending legislation shortly for consultation.
According to law firm Appleby, subject to a review of the amending legislation, a consequence of such a change is likely to be that pooling
Jersey Finance has welcomed the signing of a Double Taxation Agreement (DTA) between Jersey and Hong Kong as another key step in growing business with the Far East.
Signed by Jersey’s Chief Minister Senator Ian Gorst and Hong Kong’s Secretary for Financial Services and the Treasury Professor K C Chan, the agreement reinforces the focus Jersey’s finance industry has on building business in the region and supports Jersey Finance’s strategy of maintaining a strong presence in the Far East. Jersey Finance has had a permanent office in Hong Kong since 2009 and facilitates visits for Members regularly, with the next
Following the announcement last week that Pictet Asset Management had launched a short-term high yield bond UCITS fund, the Swiss asset ma
Macro Currency Group, the specialist currency investment boutique of Principal Global Investors with over USD4.3billion
Geneva-based Alix Capital, provider of the UCITS Alternative Index family of indices has added another suite of indices following the announcement
Ireland presents the international investment funds industry with an unparalleled set of attractions both as a domicile for UCITS and for the enterprises providing services to them, according to law firm Mason Hayes & Curran.
Over the last 20 years, Ireland has earned a reputation as a leading jurisdiction for regulated investment funds including UCITS. Currently over USD1.4 trillion in fund assets are domiciled in Ireland while the Irish fund industry services close to USD2.75 trillion in assets.
The willingness of the Irish regulatory authority, the Central Bank of Ireland, to implement timely authorisation processes and to adapt and develop
A federal grand jury sitting in Charlotte has returned an indictment against Jonathan D Davey, 47, of Newark, Ohio, Jeffrey M Toft, 49, of Oviedo, Florida, Chad A Sloat, 33, of Kansas City, Mo, and Michael J Murphy, 51, of Deep Haven, Minn, on four criminal charges relating to an investment fraud conspiracy, announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina.
US Attorney Anne M Tompkins made the announcement in conjunction with Chris Briese, Special Agent in Charge of the Federal Bureau of Investigation (FBI), Charlotte Division, and Jeannine A Hammett, Special Agent in Charge
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