Hiscox, the London-based insurer and investment manager, is to launch an offshore version of its glo...
Hiscox, the London-based insurer and investment manager, is to launch an offshore version of its global insurance portfolio. This will be done by converting the $3.6m FPK Special Situation Fund, a global bank and insurance fund, into a mirror of the £60m UK Oeic, the Hiscox Insurance Portfolio fund. The move offshore follows investor demand for a Dublin vehicle, although head of investment Alec Foster sees little difference in tax treatment. The intention is for the offshore fund to mirror the onshore fund, although not immediately. Foster explained: 'The fund will be mirrored in tim...
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