Mon, Dec 10, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

International developers, investors eye the Bahamas

Thursday, June 14, 2018

Bailey McCann, Opalesque New York:

The Bahamas have long been a destination for high net worth individuals seeking to manage their wealth offshore. Now as the Commonwealth looks toward expanding its role in the investment industry, the concentration of private wealth already on the ground is going to support new ventures and capital formation. Delegates that the recent Opalesque Bahamas Roundtable discussed how the cluster effect is working on the ground.

"The Bahamas have a very healthy and growing cluster effect because of our early focus on private wealth," said Ryan Pinder, Partner at Graham Thompson and former Minister of Financial Services and Trade for The Bahamas. "We got a very visible boost when Sir John Templeton decided to build his international component of what is now Franklin Templeton from within The Bahamas many decades ago."

Pinder points to several local development and infrastructure projects which have been supported by local ultra high net worth individuals and families. "The Bahamas are really unique, I actually call it the Cluster of Benefits: You have long-standing political stability and a long-standing financial stability, so we don't have a history of significant volatility in the banking and finance sector," he adds.

The city of Nassau is also becoming a local financial hub. "There is this fruitful cross-section of activity that is available in The Bahamas for foreign high-net-worth individuals and other foreign residents who move......................

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. Outlook: The economist who discovered the yield curve's predictive powers says he's getting worried, The 'big squeeze': Ray Dalio, founder of the world's largest hedge fund, breaks down how the next financial meltdown will look different from the last[more]

    The economist who discovered the yield curve's predictive powers says he's getting worried From CNBC: Arturo Estrella and his former Fed colleagues used to watch the relationship between the 10-year Treasury and the 3-month bill. A lot of people have been focused lately on the di

  2. People: Deutsche Bank appoints new country head in Switzerland, London's MENA Capital and Dubai's Al Mal agree collaboration deal, BlueBay appoints new CIO[more]

    Deutsche Bank appoints new country head in Switzerland From Investment Europe: Deutsche Bank has appointed Claudio de Sanctis as the new chief executive officer of Deutsche Bank (Switzerland) Ltd, effective 1 February 2019, after Peter (Pedro) Hinder decided to step down. The appoint

  3. Hedge funds pivot back to stocks, raising leverage from 2018 low[more]

    From Bloomberg: The smart money is finally warming up to U.S. equities after turning defensive in the past few months. Hedge funds' gross leverage, a measure of the industry's risk appetite, climbed 2.5 percentage points to 234.5 percent as of Nov. 29 from a one-year low reached 10 days earlier, cli

  4. Brexit: Hedge funds make big bets against post-Brexit UK economy, Hedge funds rent a lifeline to stay afloat in EU post-Brexit, Treasury green-lights sale of new EU funds into UK[more]

    Hedge funds make big bets against post-Brexit UK economy From The Guardian: A pair of hedge funds owned by prominent Brexit supporters have made significant bets against companies exposed to the British consumer including big high street names. Odey Asset Management, part-owned by Cr

  5. Trends: Licking their wounds, fund managers prep for rally in '19, Concerns rising over leveraged loan market[more]

    Licking their wounds, fund managers prep for rally in '19 From Reuters: With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not seen this much red on their screens since 1972, the last time no asset class returned at