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Offshore incorporations up 4% in H1 2104, says Appleby

Wed, 17/12/2014 - 06:00

The total number of new company registrations increased across offshore jurisdictions in the first half of 2014, according to Appleby. In the first half of 2014, there were 46,455 new offshore company incorporations, representing a 4% increase on the preceding six months, according to the firm’s latest On the Register report, which provides insight and data on company incorporations in offshore financial centres and focuses primarily on the first half of the year. »

money stack

DR capital raising more than triples in 2014, says BNY Mellon

Mon, 15/12/2014 - 15:00

Investor demand for international securities pushed capital raising in depositary receipts (DRs) to over USD38 billion in 2014, more than a three-fold increase compared to the previous year.  »

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Moody's changes outlook for money market fund industry to negative, in face of challenging market conditions

Mon, 15/12/2014 - 10:00

Moody's Investors Service has revised its outlook for the money market fund (MMF) sector to negative from stable.  The change in outlook reflects the rating agency's expectation that, despite cautious investment approaches, MMFs will struggle to maintain the highest credit and stability profiles in 2015 due to an ongoing supply and demand imbalance, low to negative net yields of funds, and elevated asset flow volatility. »

change direction

Higher costs on the horizon as tax and regulatory change continues to bite, says poll

Mon, 15/12/2014 - 06:00

Asset managers, pension funds, banks and insurers expect to be spending more on tax and regulatory-related change in 2015 and for some years beyond, according to a new poll by BNY Mellon. »

approved stamp

Guernsey funds sector demonstrates stability over third quarter

Thu, 11/12/2014 - 17:00

Guernsey’s financial services regulator has approved 42 new investment funds for the second quarter in succession, resulting in a total of 140 additions during the 12 months to the end of September. »

upwards arrow

KPMG delivers strong growth and record revenues for FY14

Wed, 10/12/2014 - 16:00

KPMG International has announced record-high aggregated network revenues of USD24.82 billion for the fiscal year ending 30 September 2014, representing a 6.3% increase in local currency terms over the previous year. »


Assets managed by sovereign wealth funds total nearly USD6 trillion worldwide

Wed, 10/12/2014 - 09:00

The 84 Sovereign Wealth Funds (SWFs) operating worldwide now collectively control USD5.9 trillion, according to the 2014 Sovereign Wealth Fund Report by  ESADEgeo, KPMG Spain and ICEX–Invest. »

five fingers

Highland Capital's Global Allocation Fund earns Five-Star Morningstar Rating

Tue, 09/12/2014 - 13:00

Highland Capital Management’s Highland Global Allocation Fund, Class Y (HCOYX), managed by James Dondero, Co-Founder and President of Highland, has earned a Five-Star Morningstar Rating.  The rating covers the period ending 30 November 2014. Morningstar also ranked the Fund Class Y number one based on Total Return for the one-year period among 541 funds in the category as of 30 November, 2014. »


NAPF publishes updated corporate governance policy and voting guidelines

Mon, 08/12/2014 - 20:00

The NAPF has updated its Corporate Governance Policy and Voting Guidelines, designed to reflect and push forward current market best practice.  »

Geoff Cook CEO Jersey Finance

Jersey funds figures reach five year high

Mon, 08/12/2014 - 10:30

The latest figures for Jersey’s finance industry reflect a particularly strong performance for the funds sector, with the value of funds business in the island reaching the highest level in five years. The statistics highlight that the net asset value (NAV) of regulated funds increased by GBP5 billion in the third quarter of 2014, and by around 5.5% year-on-year, to reach just over GBP205 billion, the highest figure since March 2009. In addition, the total number of regulated funds rose by 21 during the quarter. »


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