Thomas Duffell
Fund managers based in the British Virgin Islands can now become authorised by local authorities in as little as a week.
A recent poll has revealed that 47 percent of GPs intend to increase their back-office headcount in the coming months to meet increasing investor needs.
The offshore domicile’s corporate tax regime, which was deemed harmful by EU officials earlier this year, has now been given a blessing by its mainland neighbour.
The UK’s dreaded CRC scheme will continue until at least 2016, but GPs will be pleased to know the government will not require funds to lump portfolio companies together when reporting energy usage.
KPMG hires five to boost its alternatives practice and BDO names their private equity practice’s relationship director.
Waterland has sold Intertrust Group, which provides fund administration and tax advice services, for a reported €675m.
The Swiss have forged a path for local GPs to meet AIFM rules that other non-EU countries may soon follow.
Following support from the international community, the UK has begun talks that could lead to the application of a FATCA-style tax exchange with offshore domiciles.
The SEC has charged Chicago-based investment advisor Joseph Hennessy with raising money for a struggling private equity fund to pay off existing clients.
The UK’s public-to-private rules – which includes a ‘put up or shut up’ clause – will not go under further review, according to a government panel.