Sat, Dec 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Malta to declare the Island of Filfla a tax free zone for hedge funds and hedge fund managers

Tuesday, April 01, 2014

Matthias Knab, Opalesque:

Taurus Orators, the well-known alternative thinking group, have persuaded the Maltese Authorities to declare the Maltese island of Filfla as a tax free zone to encourage hedge fund managers to move to Malta and to domicile funds within the EU.

The Three Maltese Islands of Malta, Gozo and Comino are well known to the international community, but the island of Filfla has never featured although it is in close proximity to the west coast of the main island of Malta.

Filfla is famous as being used by the cinema industry as the setting for the imprisonment of the Count of Monte Cristo.

Malta itself has become a popular destination for the setting up and domiciling of hedge funds within the EU.

The move by Malta is likely to be controversial with Brussels who is very keen to have tight control over hedge funds and is imposing stiffer and stiffer rules on hedge funds in the form of AIFMD, and also plans to restrict the financial remuneration of hedge fund managers.

Dr Adolph R Shole, the Chairman of Taurus Orators is absolutely delighted with the Maltese authorities’ acceptance of Taurus Orators proposal and will be marketing the island to the hedge fund industry.

Dr Shole added: "At long last a European country has realized the value of the hedge fund industry’s contribution to the financial stability of the global economy. The traditional financial centers of London, Dublin and Luxembourg will have strong competition."

T......................

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 - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und

  5. Performance - Lansdowne, Man Group, other hedge funds profit from shorts in oil, Turmoil boosts hedge funds that bet against Russia, oil, CTAs post strongest returns since December 2010[more]

    Lansdowne, Man Group, other hedge funds profit from shorts in oil From Valuewalk.com: The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 is still looming close to the highest mar