Guernsey to deregulate offshore collective investment schemes
But the people running them will still need to have a licence on the island
Collective Investment Scheme
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FCA close to parking investment scam settlement
Over 4,600 investors put £230m in the scheme which promised up to 12% returns
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Good news for investors in unregulated land bank scheme
UK watchdog managed to recover some money nearly a decade after first taking regulatory action
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UK property freeze thaws but open-ended fund days numbered
Following suspensions of trading and value adjustments at most of the leading UK property funds in early July, September has seen the crisis abate to a large extent.
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Malta-based Investedge Ucits Sicav offers new currency fund
Maltese-registered Investedge Ucits Sicav has launched its first sub fund, which is targeting 7-12% annual returns from trading in major foreign currency markets.
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UBS redomiciles Cayman-based AIF to Dublin
UBS Hedge Fund Solutions, a unit of Swiss bank UBS, has become the first investment manager to re-domicile a Cayman Island fund in Ireland under the Irish Collective Asset-management Vehicle (ICAV) legislation.
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BlackRock opens high income/lower risk European strategy
BlackRock has responded to investor demand for high-income and lower-risk opportunities with the unveiling of an alternative European strategy.
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Fraudster gang faces jail terms over £4.3m UCIS losses
Eight fraudsters face a combined total of 26 years’ imprisonment after the UK’s Financial Conduct Authority found they lost over £4.3m of investors’ money in their unauthorised collective investment scheme (UCIS).
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BNY Mellon launches European Dynamic Total Return Fund
BNY Mellon Investment Management has launched a UCITS Dynamic Total Return Fund, giving European investors access to its successful investment strategy which aims to keep pace with global equity markets while managing volatility and cushioning any market falls.
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Cogress to target IFAs with new collective property offering
Private equity house Cogress UK has said it plans to release a regulated offering which will allows UK IFAs to invest client money into its collective property investment model.
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AIFMD burden hurting European investment, says tax panel
Some fund managers are passing up European investment opportunities in a bid to steer clear of the compliance demands required to meet the Alternative Investment Fund Managers Directive (AIFMD), according to a panel of tax experts at the recent Guernsey Funds Forum.
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Net assets in UCITS break through €9trn in March – EFAMA
Net assets in UCITS funds broke through the €9trn (£6.42trn, $9.97trn) mark for the first time in March, according to the latest data from the European Fund and Asset Management Association (EFAMA).