Thu, May 26, 2016
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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  5. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year