Offshore Investment

Allianz Global Investors is set to launch a Ucits III version of its Discovery Europe fund in October.

The US has punctured Switzerland's secrecy law shielding US citizens with cash stashed in the offshore centre, forcing the Swiss authorities to reveal the names of nearly 5,000 wealthy Americans with accounts in UBS.

Rich Americans are turning themselves in to the Internal Revenue Service (IRS) in droves as the US tax authority steps up its hunt for tax evaders.

The former chief executive of Kaupthing Singer & Friedlander (KSF) is set to profit from a book about his role in the failure of the Icelandic bank subsidiary.

Here we list who has moved where in another busy week in the offshore sector.

The Luxembourg-registered Guardian Permanent Income fund has attracted "considerable" support from IFAs ahead of its launch on 1 September, according to Guardian Managers.

Skipton Guernsey and Scarborough Channel Islands have launched a new deposit account to reward customers opening accounts with new money.

Standard Life has added a panel of structured deposit accounts to its International Bond.

The Julius Baer Absolute Return Bond Fund Defender has outperformed its benchmark in its first year since inception, spurred by an allocation to credit markets.

Credit Suisse has launched a Luxembourg-domiciled MENA equity fund to provide investors with access to one of the world's fastest growing economic regions.