Thu, May 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Bahamas offer Smart Funds for hedge fund business

Friday, August 02, 2013

Beverly Chandler, Opalesque London:

If you were asked which is the only ranked international financial centre in the Caribbean that is independent, The Bahamas may not leap to your mind but that is the status they enjoy, having attained independence from the UK in 1973. Aliya Allen is CEO & Executive Director of the Bahamas Financial Services Board, having started in her role in 2012. Previously she was a partner in a Bahamas law firm working in financial services.

The Bahamas has over 700 funds with domiciled and administered fund assets totalling $90bn. Allen explains that the islands have been in the financial services business for a long time, since the 1930s, but have largely focused on wealth and asset management services. Raising their profile to attract hedge fund business is not a new initiative but an adjunct to their existing business. "What you are seeing is a combination of renewed efforts and commitment by the Government along with a push to diversify from traditional wealth management business" Allen explains.

"What we offer hedge funds is our history - a huge advantage of The Bahamas is the history and depth of service providers. We have roughly 270 banks here, 35 of the top 100 global banks are here and have been here for over 70 years so around that infrastructure has grown a group of highly skilled service professionals."

Allen explains that the regulatory environment is internationall......................

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. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  2. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  3. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  4. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  5. J.P. Morgan Asset Management launches ultra-short income ETF[more]

    Komfie Manalo, Opalesque Asia: J.P. Morgan Asset Management, the $1.5tln investment management arm of JPMorgan Chase & Co., has launched the JPMorgan Ultra-Short Income ETF (JPST), an actively managed ETF that seeks to provide current incom