Managers of Wealth Offshore

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.

A Slice of Alternatives

Over the lockdown period, there’s a chance you may have had a takeaway pizza (or two).

AIF investments in Mauritius, Singapore and Hong Kong under Sebi lens

Regulator rejects overseas investments proposals of funds that fail to meet set parameters

AIMA donating $50,000 to R3 Cayman Foundation

Russell Burt, chair of AIMA Cayman, said the association is supporting government in its actions to stem the spread of COVID-19 in Cayman.

Back to the workplace...

Government have also produced a poster so workplaces can demonstrate they have taken the relevant precautions before opening.

Jersey publishes Q1 house price report

The turnover of properties was 11% lower than in Q1 2019.

AIM and Hedge Funds