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The British Virgin Islands
The British Virgin Islands is a leading jurisdiction for the formation of alternative investment funds, having approximately 2,800 funds registered or recognised under the Securities and Investment Business Act 2010 (SIBA). SIBA replaced the Mutual Funds Act, 1996 (the MFA) in May 2010 and has been welcomed with widespread praise by the industry. SIBA has retained the familiar and well liked framework of public, professional and private funds first established by the MFA but has updated the regime to codify long standing policy and practices as well as bringing the BVI fully into line with best
Ireland
Ireland
Answers to frequently asked questions pertaining to setting up investment funds in Ireland
Why Luxembourg?
The Grand Duchy of Luxembourg became in a few decades one of the leading locations for investment funds, being today the world’s second fund centre, overtaken only by the USA. Since 1959, when the first fund was established, the investment fund industry hugely expanded, counting 3,521 funds at the end of April 2010. This success originated with the authorities’ encouraging attitude to foreign capital and investment, and was considerably strengthened by its prime location in the heart of Europe – close to the main markets targeted by investment funds – by its highly qualified multilingual workforce, as well
Malta became a member of the European Union in 2004 and is one of the 15 members of the Eurozone.
Galtere, the USD1bn New York-based alternative investment house, has launched a European arm.
The firm has appointed Werner Schuenemann to manage the new operation, which is based in Zug, Switzerland.
Schuenemann has assumed the newly created role of international head of business development and investor relations. His focus will be on managing and developing the firm’s institutional investor base in Europe, the US, Middle East and Asia.
Galtere’s investment management, trading and research functions will continue to be run out of New York.
Schuenemann has over 25 years of investment and financial services industry experience, having held global head
Dutch hedge funds outperformed their global peers in the turbulent month of May.
The Finles/IEX Dutch hedge fund index was down 1.3 per cent versus a loss of 2.8 per cent for the HFRX Global Hedge Fund Index and 3.0 per cent for the Deutsche Bank Hedge Fund Index.
European equity markets lost six per cent in May.
The difference was predominantly made by the Dutch global macro managers that posted a positive performance, both relative and absolute.
The top performer was the World View Macro Fund, managed by Frits Fiene. The fund was up 14 per cent.
Incapital, a securities and investment banking firm based in the US and UK, has acquired the business of London–based structured investment specialist Blue Sky Asset Management.
The trans-Atlantic deal combines two independent providers of structured investments and fixed income securities for institutional and professionally advised investors.
In the US, Incapital is a provider of structured investments and fixed income securities designed for individual investors, underwriting and distributing through broker-dealers, banks and institutional accounts. Since 2000, over USD200bn of new issue and US Agency securities have been issued through retail note programmes.
Blue Sky is an investment management firm specialising in
