Managers of Wealth Offshore

7IM coughs up £4m to compensate for losses in dual fund wind-up

£33m 7IM Absolute Return Portfolio and £20m Income Portfolio had hefty exposure to defunct Guernsey bond fund

Key Themes from the Airline Economics Growth Frontiers Dublin 2022 Conference

The key take away from the conference was one of cautious optimism.

RAM Ratings assigns LECA1 rating to Brighton Management Limited

BML is assessed favourably in terms of its operating record, staffing, management and financial standing. Meanwhile, business infrastructure and risk management practices are adequate.

11% fee increase proposed for funds businesses

The Commission Law contemplates increases to fees in line with RPI, which was recorded as 6% in March 2022.

Everest Re’s insurance unit launches in Latin America

“Building on the success of our world-class specialty insurance operations"

HSBC launches $1 billion fund for entrepreneurial women

Small and medium-sized businesses will be the bedrock on which our island economie

Pre-budget consultations: Representatives from Mauritius Bankers Association, Mauritius Finance, and Insurers’ Associations meet with Finance Minister

In a statement after the meeting, the Chairperson of Mauritius Finance, Mr Shahed Hoolash, underlined that they had submitted budgetary proposals to the Finance Minister in advance.

Apex Group welcomes new strategic minority investors

Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, welcomes its new strategic minority investors led by TA Associates (“TA”) and including Mubadala Investment Company and Carlyle.

HSBC Diversity Champion recognized in Role Models List

This latest success reflects the considerable work Ms Liciaga does both inside and outside of HSBC to advocate for diversity, equity, and inclusion

IoD Guernsey Committee gains 50 years of director experience in two new Committee members

Jill has a strong personal focus on professional development. She has a Master’s of Business Administration and was awarded Distinction in the IoD’s Diploma in Company Direction in 2021.

Bermuda opens its much-anticipated Climate Summit

To say that the hosts of Bermuda’s inaugural Climate Summit have been eagerly anticipating the event would be an understatement.

Jersey Finance Launches Inaugural Sustainable Finance Awards

Jersey Finance is launching its first Sustainable Finance Awards, with nominations opening for organisations and individuals on 30 May.

Number of Guernsey-domiciled funds highest in a decade

There is also an increase in value, with the net asset value (NAV) of funds rising by £6 billion (2%) over the quarter, leading to a £45.9 billion improvement over 12 months.

Meridian Commodities Ltd Complete First Debt Raises on the Stock Exchange of Mauritius

Meridian’s Treasury team is led by Steve Bezuidenhout and Andre Bruyns who have played a key role in accessing this source of funding.

Carey Olsen advises Permira funds on US$5.8bn acquisition of Mimecast

The all-cash transaction, which was first announced in December last year, values Mimecast at US$5.8 billion and was effected by way of a Jersey law governed court sanctioned scheme of arrangement.

DBJ ups funding in relaunched innovation grant programme

DBJ does not limit funding for innovation projects to specific sectors, but the state-run agency requires that applicants be in business for a minimum of seven years.

IGI posts 90% rise in Q1 net profit

“Overall, our performance in the first quarter of 2022 demonstrates the effectiveness of our underwriting strategy"

Isle of Man and one overseas territory win city status for Queen's Platinum Jubilee

The Platinum Jubilee civic honours competition also required places to show how their local identity

Double shortlisting for Carey Olsen at Hedgeweek's European Digital Assets Awards 2022

2022 is the first year the publication has held the European Digital Assets Awards following the success of the Hedgeweek European Awards.

Bronwyn Knight: Mauritius offers attractive growth prospects in specialist real estate sub-sectors

With Africa rapidly urbanising, we are cognisant of our role in transforming the design of buildings and developments for long-term sustainability.

AIM and Hedge Funds