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Last year saw Merrill Lynch Investment Solutions (MLIS), BAML’s industry leading UCITS platform, onboard a number of key fund managers, most notably York Capital and Graham C
US banking giant, Morgan Stanley, announced the official launch of its latest newcits this week.
Swiss investment manager, GAM, who launched its first fund of hedge funds in 1989, is to launch two UCITS III-compliant fund of funds for its head of private clients and po
The Rockefeller University has appointed Amy Falls as chief investment officer and vice president for investments effective April 4, 2011. Falls will oversee the University’s Office of Investments and manage the institution’s endowment, which has an estimated value of USD1.8 billion.
“Amy’s experience managing investments in the private sector coupled with her successful management of a nonprofit endowment will be crucial to continuing the scientific development of this institution,” says Paul Nurse, president of The Rockefeller University.
Falls is currently the chief investment officer for Phillips Academy (better known as Andover), which has endowment assets of nearly USD800 million.
Perella Weinberg Partners today announced that William Parkerson has joined the Firm as a Managing Director in its Corporate Advisory Group. Based in New York, Parkerson, who has nearly 20 years of investment banking experience, will focus on providing strategic and financial advice to clients in the global chemicals sector.
Parkerson was previously Managing Director and Head of Chemicals Investment Banking at Jefferies & Company. Prior to that, he was with Bank of America for five years, last serving as Managing Director and Global Head of Chemicals Investment Banking, and he was with Goldman Sachs for four years, serving as
Bermuda’s regulatory regime is set to meet newly agreed EU standards under the Alternative Investment Funds Managers Directive, as announced by the European Parliament on 11 November 2010.


Given Bermuda’s status as one of the most compliant and best regulated jurisdictions worldwide, Business Bermuda welcomes the confirmation of the directive’s final terms as a very positive development for Bermuda’s investment fund industry.


Bermuda’s reputation as the premium offshore jurisdictions for fund domiciliation and fund administration is underpinned by a variety of key factors.


Bermudan law is based on English Common Law, a system understood globally. The financial and fund services
Carne Global Financial Services Limited has appointed Yvonne Connolly as part of its goal to build on its market leading specialisation in corporate governance for regulated financial products.
Carne is already considered one of the leading advisor on products like UCITS, QIFs and CIFs in a range of jurisdictions, and provides management companies for many Dublin-based regulated funds.
Connolly comes to Carne with over 20 years of experience in the investment funds industry and will also be part of the firm’s team of independent directors to investment funds. She is an expert in product development which Carne clients will be
Guernsey has signed further bilateral Tax Information Exchange Agreements (TIEAs) with Canada and Romania, taking the total number of TIEAs signed by the island to 21.
On 19 January 2011 a bilateral TIEA was signed with Canada by Guernsey’s Chief Minister, Lyndon Trott.
“In view of the historical connections between Guernsey and Canada, I was delighted to welcome His Excellency James R Wright, High Commissioner for Canada, to Guernsey, to sign the Agreement," says Trott (pictured with Wright). "While in the Island, His Excellency took the opportunity to meet with industry representatives with business connections in Canada.
“The signing of
Australian bank Macquarie excelled where others struggled last year as assets in its market neutral equity l/s Asian hedge fund nearly tripled to AUD640million, reported Reuters.
This week, Reuters reported that Asian-based hedgies are starting to tactically redeploy staff to the US and Europe as they bid to compete with their Western peers for a slice of the asset pie.
