court finds brazil exmayor stashed public
A Jersey court has ruled that a former mayor of one of Brazil’s largest cities hid millions of dollars in a number of Jersey accounts.
Author: International Adviser
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axiom directors remove investment managers
The directors of the Axiom Legal Financing Fund, which late last month implemented a redemption suspension, have removed the current investment managers from fund.
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brooks macdonald fund raises for acquisition
Brooks Macdonald is to buy Channel Islands-based DFM Spearpoint for an expected sum of £32.1m, which it plans to raise partly through a share placing.
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veritas splits funds and private client businesses
Veritas Asset Management is to split into two distinct businesses divided down private client and institutional lines it announced today.
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singapore government grants regulator wider powers
The Singaporean government has passed two Bills aimed at strengthening investor protection and increasing the Monetary Authority of Singapore’s powers of enforcement, as it seeks to emulate regulators in Australia and the UK.
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fmg launches frontier markets fund targeting
Emerging and frontier market investment specialist FMG has launched New Frontiers, a Bermuda domiciled fund which the firm said will invest in the world’s “fastest growing economies”.
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gulf expert investor forum 2012 photos
Last week International Adviser held its fourth Gulf Expert Investor Forum in Dubai.
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devere exec defends multinationals
Kevin White, one of the deVere Group’s top executives, has been taking the hot seat in a series of media debates about how multinational corporations pay or, in many cases, apparently, avoid paying tax.
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thoughts on hong kongs MPF rule shake up
MPF scheme member employees in Hong Kong now have a say over which investments their savings are held in. Glenn Turner, chairman of HK’s IFA Association, looks at the changes, and how they are expected to affect employees, employers and those involved in marketing MPF investments.
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time has come for a general tax amnesty
It is time HM Revenue & Customs accept that a general amnesty for tax evaders should be put in place, according to Gary Heynes, private client group partner at chartered accountants, Baker Tilly.
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swiss seen unlikely to fully end negotiated tax
Recent press reports that the Swiss may be moving closer to ending their “negotiated single-sum tax agreement” system for wealthy individuals are being discounted by financial advisers there, and other experts.
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an over advised united arab emirates
A recent statistic jumped out at Guardian Wealth Management’s David Howell who was surprised to learn how many advisers are estimated to be working in the UAE.