Offshore Investment

South African residents who hold foreign assets have under the tax amnesty, until the end of February 2004 to disclose them or face penalties.

Attica Portfolio Management has changed its name to Attica LJH Investment Management to reflect the input of its European partnership with LJH Global Investments. James Hedges, president and chief investment officer at LJH, said: 'The name change solidifies...

Japan has had several difficult years recently ' although the market has picked up of late and funds are starting to see a turnaround in terms of performance. The Standard & Poor's Japan sector update in September 2003 commented that the rally in the...

Man Group's RMF subsidiary has sponsored the formation of the Pine Tree hedge fund by Rhee Capital Advisors. RMF set up its Hedge Fund Ventures programme to encourage talent in the industry. The Cayman Island-domiciled fund uses a long/short equity strategy...

Germany has passed its simplified law on funds to come into force in January that will remove discrimination on foreign funds and create a potential E100bn market for hedge funds

Global Advisors has a launched a hedge fund that invests in mining equities. Russell Newton, fund manager and CEO of Global Advisors, said: 'The fund will take positions in mining equities and unlike most funds, will also place strong emphasis on investment...

Hong Kong banks are to offer Chinese currency services to investors. The Renminbi-denominated activities include accepting deposits, arranging remittances back to the mainland, arranging credit, foreign exchange transactions and issuing debit cards. There...

Nearly 700 hedge funds covered by the Van Global Hedge fund Index saw positive returns in October as the index rose by 2.5% net of fees. The index represents the average net return of the 800 hedge funds tracked by Van in October. Of these, 85% saw positive...

The UK's Inland Revenue at the last minute pulled out of its talk on offshore tax evasion in Jersey because of 'political pressure' ahead of the pre-Budget statement that could flag up changes to domicile and offshore funds.

industry news | company also plans us value fund accompanied by growth version