Sun, Jul 5, 2015
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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner