Thu, Mar 30, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other Voices: EU Directive refugees - Bright lights of Singapore beckon

Monday, October 05, 2009

amb
This article was written by Christopher P. Wells and Linda L. Ng. – Christopher P. Wells is a partner and Linda L. Ng is a counsel with White & Case LLP’s Tokyo and Hong Kong/Singapore offices, respectively.

The bright lights and relaxed lifestyle of Singapore beckon to EU fund managers who are contemplating seeking shelter from the proposed EU Directive on Alternative Investment Fund Managers currently under consideration by the European Parliament and the Council of the European Union. If the Directive is finalized by the end of this year, Member States may be required to implement it into national legislation by 2011.

On the tropical island of Singapore, fund managers (like many prior generations of “traders”) can escape further persecution from their European homeland regulators and the 50 percent UK tax rate for top earners. Indeed, Singapore will roll out the red carpet for them. A simple, user-friendly regulatory framework allows qualifying fund managers to set up shop in a few weeks. Singapore also offers attractive tax incentives, including tax exemptions for both offshore and onshore funds, a 5 or 10 percent concessionary tax rate for qualifying fund management companies, and a top personal income tax rate of only 20 percent. Moreover, Singapore has been ranked one of the best cities in the world in terms of quality of living. Thus, if you are an EU fund manager thinking of leaving Europe, you may want to check out sunny Singapore.

......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  3. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  4. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  5. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less