Tue, Jan 23, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Tax-neutral status, speed to market, and local talents make Bermuda attractive as business hub

Friday, January 05, 2018

Komfie Manalo, Opalesque Asia:

Bermuda's tax neutral status, speed to market, and excellent local talent base make the island and attractive jurisdiction to engage business. These are also the reasons why Centaur Fund Services chose Bermuda as its second global hub, says the firm's Chief Operating Officer Marc Weaver.

Weaver told participants of the latest Opalesque 2017 Bermuda Roundtable that the tax-neutral status of Bermuda is important to Centaur as a global business, as well as the connectivity to New York and London is also critical.

He stated, "Having a pool of talent, and the ability to hire people here relatively easily to work in specialized positions, was vital. The island's reputation and credibility with our clients and investors, as well as the regulator and the political stability…all of these were very important considerations as Centaur was thinking about where to expand its operations into."

Speed to market, crucial to operations

Weaver explained that speed to market is another important part of entering market in North America, and Bermuda made this possible for Centaur. He said Centaur incorporated the Bermuda company at the end of 2015 and receive their fund administrator license from the BMA by June 2016.

The Bermuda Government alongside the Ministry of Economic Development assisted Centarul......................

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: Statsure Financial launches captive insurer for hedge funds[more]

    Bailey McCann, Opalesque New York: Hedge fund managers have a new option for protecting their business. Launching this week at the annual MFA Conference, Statsure Financial is offering a captive insurance solution for hedge fund managers. Many large companies have captive insurers - insurance

  2. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  3. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  4. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

  5. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

    Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager