Regions
Cayman-based Bernie Madoff feeder fund author of own demise
After a 12-week trial, liquidated Cayman Islands investment fund Primeo, which invested with infamous Ponzi scheme Bernard L Madoff Investment Securities (BLMIS), was found to be “to a very substantial degree the author of its own misfortune”, a judge has ruled.
Best Practice | 31 Aug 17
UK advisers relying on model portfolios
More than three quarters of advisers in the UK use model portfolios according to new research which shines a light on the growing shift towards structured investment offerings.
Investors hedge US equity positions
European investors have been responding to this year’s dollar weakness by hedging their investments in US equities, according to Morningstar data.
Issuing tax laws by press release perilous for South Africa
Introducing tax legislation by press release and putting changes into place with immediate effect puts South African taxpayers in an “impossible position”, a tax expert has warned.
China tightens grip on fund industry
Private fund managers in China who raise money from retail investors could face sanctions under provisional regulations released by the country’s state council, according to a circular from the government.