Offshore Investment

While France's banking sector may be holding its breath fearing it's the cause of the country being threatened with a credit rating downgrade, the country's hedge fund industry has been given cause to celebrate.

As Barack Obama and S&P continue their public spat over the ratings agency's downgrading of America's Triple A credit rating, just how much importance should advisers place on a downgrade?

It may be a small sovereign state compared with Italy and Spain, but fears that Cyprus may be the next EU member state to seek a bailout show no signs of diminishing.

Pershing, a BNY Mellon company, is opening a Jersey-based subsidiary company in response to client demand for access to both onshore and offshore investment opportunities.

Skandia International has announced net sales of £0.3 billion for the first six months of 2011.

Guernsey has signed Tax Information Exchange Agreements (TIEAs) with Argentina and the Cayman Islands.

Current extreme market volatility should be seen as an opportunity rather than an excuse to become more defensive, according to Anthony Bolton.

The number of Brits hospitalised abroad has increased with Spain handling the most cases (1,024) followed by Greece. Proportionally Brits are most likely to be hospitalised in Thailand.

The Qatar office of international financial advice firm Guardian Wealth Management (GWM) has seen its first candidate pass through the group's professional internship programme.

FEIFA (the Federation of European IFAs) has announced a partnership with the Sovereign Group, which is one of the largest independent trust companies in the world, with offices in over 25 countries.