How much of America do foreigners really own?
By Joseph Adinolfi From Marketwatch The Commerce Department released its latest data on foreign ownership of U.S. assets on Tuesday. And its findings may be surprising to some. According to the data, the value of foreign-owned American assets climbed to…
Islamic finance discovering the charm of offshore jurisdictions [Cayman Islands]
By Arno Maierbrugger/Gulf Times Correspondent /Bangkok From Gulf Times Owing to the sometimes complex structure of Shariah-compliant finance vehicles, offshore jurisdictions have become increasingly popular with Islamic finance institutions in the recent past. One reason is that such jurisdictions allow…
How Barclays turned a US$10 bil profit into a tax loss
By Reuters From the Edge Markets LONDON (April 29): When Barclays Plc sold a fund management business to U.S. financial group Blackrock Inc. in 2009, the larger-than-expected US$15.2 billion price tag was not the only good news for the British…
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NZherald lists world’s most beautiful tax havens [Cayman is second]
From New Zealand Herald The Panama Papers have put the spotlight on the world’s tax havens. Photo / iStock It can’t be just a coincidence that many of the world’s tax havens are in stunningly beautiful locations. As the Panama…
China and American bonds, the latest
Due largely to botched exchange rate policy, China has seen foreign reserves shrink considerably from a mid-2014 peak. This suggests Beijing is being forced to sell US Treasury bonds, which some worried would drive up American interest rates. It has…
Luxembourg managers adopt ‘swing pricing’
From Funds Europe Luxembourg Most of the largest asset managers with funds in Luxembourg apply ‘swing pricing’ – a mechanism that protects shareholders in funds from other investors making redemptions or purchases. A survey by the Association of Luxembourg Investment…
RBS agrees to sell Luxembourg fund business
By Emma Dunkley From Financial Times Royal Bank of Scotland has struck a deal to sell its Luxembourg fund arm to private equity group Blackfin Capital Partners as part of a restructuring aimed at focusing on UK retail and commercial…
Robert Bilodeau joins Wilmington Trust’s Insurance Collateral Solutions Group as Senior Relationship Manager
Robert Bilodeau was hired by Wilmington Trust as senior relationship manager in the Insurance Collateral Solutions group. He will serve as point person between grantors, beneficiaries, and insurance brokers in the onboarding of new transactions. He will also serve as…
Sir Terry Leahy’s stake in newly floated firm B&M is stashed in the murky waters of a fund registered in the Cayman Islands
By Rupert Steiner From Daily Mail Sir Terry Leahy’s stake in newly floated discount chain B&M is held through a fund registered in the Cayman Islands. Leahy, chairman of the Woolworths-style discount chain, which has floated for £3billion, is a…
Canadians’ offshore tax-haven holdings [including Cayman] rise 10 per cent, to $170-billion
By Janet Mcfarland From The Globe and Mail Canadians had $170-billion invested in the world’s top 10 tax-haven countries at the end of 2013, a 10-per-cent increase from a year earlier as growing sums flow into foreign investment accounts. A…
