Managers of Wealth Offshore

HSCM Bermuda launches Bumblebee Re

HSCM Bermuda is an asset manager focused on investments in the re/insurance and transportation sectors. It was launched in 2016 and, as of April, had more than $2.3 billion in assets under management.

Guernsey Sustainable Finance Week - June 2020

Tim Clipstone, a group partner in our Guernsey office and Guernsey Green Finance committee member said: 'The Sustainable Finance Week was due to take place on Guernsey

PraxisIFM supports launch of the only Fund IPO on the LSE this year

To date, NAVF is the only Fund IPO to have listed on the London Stock Exchange in 2020.

Scicluna: Malta in favour of EU COVID package, but cannot be burdened unfairly

Malta must ensure €1 billion coronavirus package from EU does not affect country's competitiveness, Edward Scicluna says

Jersey – Supporting Economic Growth and Job Creation in Africa

A study published in 2014 by Jersey Finance found that over the next 30 years, Africa needs to invest US$85 trillion in its infrastructure to support its growing population

Mourant advises on second successful Hong Kong real estate investment fund launch and two initial UK property acquisitions

Mourant's global team provided Jersey structuring and banking advice to the Hong Kong based investment advisor.

Carlyle, T&D complete acquisition of majority stake in Fortitude

Carlyle and a newly created Carlyle-managed fund now hold 71.5 percent of Fortitude Re

New Trusteeships in Turbulent Times – Practical Ways of Managing Risk for Trustees

The following practical points are likely to be relevant to our clients in Jersey, Guernsey and elsewhere who are in the running for new trusteeships.

Mourant advises IG4 on $231.5 million fund close

The Mourant team, which was led by LP Partner Alistair Horn and included Alex Henderson worked alongside lead counsel Shearman & Sterling (London) LLP to deliver the fundraise.

HSCM launches Bumblebee to manage its collateralised reinsurance activities

Bumblebee Re, which has received approval from the Bermuda Monetary Authority, is led by Edouard von Herberstein, partner and chief underwriting officer at HSCM Bermuda.

Cayman Islands now India's 10th largest source of foreign direct investment

Inflows have gone up from tax havens; corporate tax dodging worries DPIIT

R&Q records record profits in 2019

R&Q said programme management continued to expand in Q1 2020, increasing gross written premium by 30 percent from year end 2019 on an annualised basis.

A one-stop-shop solution for alternative investment funds

The Alternative Investment Fund Management Directive means that, more than just regulatory compliance

EU scrambles to save economies

As part of the recovery plan will depend on financing from the budget, pressure to agree on spending limits will now increase.

Challenger bank Starling raises additional £40m

Fintech led by former AIB chief operating officer, has now raised £363m to date

Scotia named T&T’s best bank

The winners are not always the biggest, but rather the best: those with qualities that should be looked for when choosing a provider.

Affinity acquires Pinnacle Trustees

Pinnacle Managing Director James Wetherall will join Affinity as a Group Director.

Listing UK Real Estate Investment Trusts (REITs) on The International Stock Exchange (TISE)

A UK REIT is exempt from UK corporation tax on both the income profits and capital gains derived from the REIT's UK qualifying property rental business.

Listing High Yield Bonds on The International Stock Exchange

TISE has experienced an increased interest in listing specialist securities, particularly high yield bonds, since the introduction of the EU market abuse regime on 3 July 2016, effected as a result of the new EU Market Abuse Regulation (MAR).

Cyprus is well-positioned for alternative investment funds

The new law repeals and replaces Law 131(I)/2014. Cyprus is also bound by Regulation (EU) 2019/1156 which also addresses AIF issues, but parts of which will not come into effect before August 2021.

AIM and Hedge Funds