offshore contrarian fund for mundy
Investec Asset Management has launched a Luxembourg-domiciled global equity fund for its contrarian team, headed by Alastair Mundy.
News
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Guernsey confident ahead of QROPS shake up
Guernsey pension and financial services industry executives issued statements today expressing confidence that a pending shake-up of the way Qualifying Recognised Overseas Pension Schemes are regulated by the UK will not harm the island’s QROPS industry.
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banks distribution dominance in asia on the slide
While banks still dominate fund distribution in Asia, their market share has continuously fallen since 2009 as providers look to diversify their routes to market.
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perfect pitch
The music industry offers attractive rewards, writes Ben Gisbey, associate solicitor at Bray & Krais, but investors should be aware of potential obstacles before venturing into the sector.
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weak dollar keeps hk cheaper for expats
Hong Kong has tumbled down the list of most expensive locations for expats to live, as a weaker dollar continues to negate the impact of rising prices, according to the annual cost of living survey from ECA International.
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irs clarification on fbars
Tax experts with American expatriate clients reacted with considerable interest yesterday to a new IRS clarification that appears to suggest more flexibility, with respect to penalties for failing to file tax returns and Foreign Bank Account Reports (FBARs), than previously had been assumed possible.
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major private health insurers test chinese waters
Experts may not agree on whether investing in Chinese businesses is a good idea at the moment. But for many multi-national companies, there is no disputing the need for at least one office on the mainland, typically in Shanghai.
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iom reacts positively to qrops proposals
The Isle of Man government and pension association have welcomed HM Revenue & Customs’ draft legislation on the QROPS regime.
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thames river multicapital closes offshore fund
In the best interests of the fund and its shareholders, Thames River is to close the Dublin-based Multi-Select Fund run by multi-manager duo Gary Potter and Rob Burdett.
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swiss life calls time on foray into retail space
Swiss Life has announced it is to completely withdraw from the international retail market in order to refocus on the corporate and high net worth segments of its business.
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fairbairn trust names trebert
Fairbairn Trust Co, the Guernsey-based trust provider which markets the Overseas Pension QROPS, has named Geoff Trebert to the newly-created post of business development manager.
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uncertainty over qrops legislation
Draft legislation published by HM Revenue & Customs, aimed at eradicating bad practice in the QROPS industry, but which also appears to introduce potentially damaging tax measures, has received a mixed reaction from the QROPS industry so far.