Managers of Wealth Offshore

The growing importance of Islamic finance

Islamic finance has been growing exponentially in recent years

Charles Taylor to acquire Scottish Widows International, Jersey

It is intended that SWIL will be re-domiciled from Jersey to the Isle of Man following the acquisition and that its policies

US boutique teams up with BofA Merrill Lynch for Alt Ucits launch

The MLIS Gotham US Equity Long-Short UCITS fund was formally launched as a Luxembourg-domiciled strategy on December 30.

Third Point Re invests first $5m in Kiskadee as cat fund closure begins

The Third Point Re cat fund had been launched in partnership with Hiscox

SBP directive: Islamic banking industry required to stop offering 'Special Hiba'

Following the directives of the State Bank of Pakistan, the entire Islamic banking industry is required to stop offering "Special Hiba" to priority customers with effect from January 1, 2015.

Brit launches Bermuda SPV for catastrophe capacity

Speciality insurer Brit has created a new special purpose vehicle to provide capacity support for its property treaty portfolio for 2015.

Mauritius Commercial Bank to open liaison office in Kenya

he office will also support the growing trade and investment flows between Kenya and Mauritius.

Jersey enters the QROPS market

Trustees in Jersey are now able to offer non-residents access to QROPS, after amendments to the jurisdiction’s pension regime came into force yesterday.

Alibaba Options: Ownership Benefits With Less Risk

So the investors don’t actually own any shares of Alibaba but only have a claim on the profits.

Who did buy Bourse Africa?

CAHL, which FTIL said had agreed to pay $40 million, is six months old, with share capital of 1,000 Mauritian rupees; FTIL says deal followed transparent bidding

Appleby advise on Market Tech Holdings listing

The AIM IPO was combined with an oversubscribed placing which raised £100 million before expenses.

Jersey Finance: Building lasting relationships

Richard Corrigan, Deputy CEO of Jersey Finance described to Zoya Malik its particular focus of services and benefits for GCC customer segments Jersey has recently expanded its team in the GCC.

Bo Miller's infrastructure fund set for 2015 launch

An infrastructure fund that will allow Cayman Islands residents to invest in major capital works will be registered with the Cayman Islands Monetary Association in January and will be in a position to bid on public and private sector projects in 2015

Cayman begins to see a rise in hybrid funds

UBS Fund Services has had one of its strongest years in terms of winning new clients according to Monette Windsor , who heads up the Cayman Islands business.

Dispute Breaks Out Over Title of 'First Regulated Bitcoin Hedge Fund'

In July, a hedge fund in Jersey issued a press release announcing that it had become the first regulated fund to deal in bitcoin.

Clipstone diverts to Channel Islands exchange

Clipstone, a logistics real estate investment trust, has raised £40m through a flotation on the Channel Island’s Stock Exchange after scaling back plans to raise nearly four times that amount on London’s main market.

Cayman fund managers prepare for FATCA

The next expected development comes early next year with the opening of an information exchange portal – which foreign financial institutions (FFIs) will use to file their FATCA reports to the TIA – as well as the publication of the reporting

New managed accounts exemption for Jersey hedge fund managers

An exemption from the Financial Services Law 1998 has been introduced for regulated hedge fund managers who want to operate managed accounts for their non-fund clients alongside their fund clients.

Neuberger Berman Funds Appoint Carey Group

Two Guernsey incorporated, London listed funds have appointed Carey Group as company secretary.

Caribbean Development Bank Approves $120 Million in Project Lending

The Caribbean Development Bank has approved more than $120 million in loans to fund dozens of projects related to agriculture, energy and infrastructure.

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