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Dechert’s Declan O’Sullivan and Conor Durkin outline recent changes in revenue practice under which Irish funds may obtain an exemption from the Irish Revenue Commissioners making it easier for investors to subscribe for shares/units in an Irish fund.
Background
While non-Irish resident investors in Irish funds are not liable to Irish tax on their income and gains, Irish investors (with a number of exemptions) are so liable and the obligation to withhold this tax rests with the Irish fund.
In order to monitor those investors who were liable to Irish tax, the Irish Revenue Commissioners have historically required investors, as
BGC Partners, an intermediary to the wholesale financial markets, has completed the acquisition of various assets and businesses of Mint Partners and Mint Equities through BGC Brokers.
Over 100 brokers from Mint’s international business will join BGC.
Mint will conduct business as usual and maintain its brand name and market identity as a division of BGC.
Shaun Lynn, president of BGC Partners, says: “We are delighted to welcome Richard Barnett, Timothy Bullman, and the highly talented Mint group as part of BGC. Selective acquisitions, hiring experienced brokers, and investing in our proprietary technology have been key drivers of BGC’s growth.
US bank Morgan Stanley has become the latest player in the newcits arena by adding its first Ucits III-compliant hedge fund onto its FundLogic platform
The latest research report by Singapore-based firm, Eurekahedge, reveals that last month European hedge funds recorded th
London-based Merchant Capital has had a busy year since it launched its Merchant Funds plc UCITS-III platform at the start of the year.
Nomura announced the launch of its latest newcits – the HFRq UCITS III Fund
Frankfurt-based Universal Investments have teamed up with US hedge fund, York Asset Management, to roll out a first-in-class global merger arbitrage newcits: the York Lion Merger A
Merriman Curhan Ford has hired Joe Minton as managing director and head of derivatives to launch an agency options trading desk for institutional investors.
Merriman’s new agency options platform complements its equity trading desks in San Francisco and New York to help institutional investors incorporate options into their funds and portfolios.
Options trading can help institutions manage risk and volatility, especially when trading small-cap equities.
"I’m pleased to welcome Joe to the firm. He has quickly established a quality options trading platform which enhances our equity trading experience for institutional investors," says Jon Merriman, chief executive officer of Merriman Holdings.
VAM Funds, the Luxembourg-based specialist investment boutique, has confirmed the appointment of Linda McLaren
Copal Partners, the market leader in knowledge process outsourcing with 1,200 employees worl
