Invest Offshore

Category: ETF, Hedge & Mutual Funds

  • The fall of Amaranth

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    Aaron
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    Just a few weeks ago, the Amaranth hedge fund flew investors in to gloat about its incredible year to date performance. Their 30% gain since January had beaten the stock market hands down and energy trader Brian Hunter was being hailed as a market guru. With natural gas prices reaching two year lows, Mr. Hunter…

  • British Tax Police Look Hard at Hedge Funds

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    Aaron
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    In a clear sign that United Kingdom tax authorities are keen to crack down on the tax practices of high-rolling hedge funds, GLG Partners Services Ltd., a Cayman Islands entity that distributes hedge funds run by GLG Partners LP, has settled a probe by British tax officials. Busted by the British Tax Police. Hedge funds,…

  • SEC calls for tighter rules on hedge funds

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    Aaron
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    The SEC estimates there are 8,800 hedge funds operating in the US but, because they are usually incorporated offshore, it is impossible to be certain. Last month an appeal court threw out a rule requiring funds with more than 15 clients, or $30m, to register with the regulator. Ruling on a lawsuit brought by Philip…

  • Cayman Hedge Funds Are Unstoppable

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    Aaron
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    The Cayman Islands Monetary Authority (CIMA) announced this week that the islands’ hedge fund sector is continuing to boom, with an additional 665 funds having registered in the first five months of the year. Cayman Hedge Funds Are Unstoppable. The years 2004 saw a record 1,405 funds acquiring registration, and 2005 was almost as good.…

  • Cayman hedge industry on track for record growth

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    Aaron
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    NEW YORK, June 20 (Reuters) – Some 665 hedge funds established a presence in the Cayman Islands in the first five months of 2006, a pace that could put the offshore banking center on track for another record year in registrations in 2006, Cayman officials said Tuesday. As of the end of 2005, there were…

  • Mellon Global Investments Japan Launches $3.0 Billion Fund

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    Aaron
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    PITTSBURGH — Mellon Global Investments, the international distribution subsidiary of Mellon Financial Corporation has announced the launch of the Nikko Mellon GW Select Best Nine Fund* managed by its Japanese business, Mellon Global Investments Japan, and distributed in Japan by Nikko Cordial Securities Inc. This new launch is the largest fund launch Mellon has ever…

  • Rogers International Raw Materials Fund

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    Aaron
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    The Rogers International Raw Materials Fund was designed to replicate the Rogers International Commodities Index (RICI). The Index was developed by James Beeland Rogers, Jr. to be a balanced, long only, representative, international raw materials index. The Index Fund’s primary objective is to provide an alternative investment vehicle for investors with diversified portfolios. Beeland Management…

  • Precious Metals Exchange Traded Fund

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    Aaron
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    On May 22nd a new metals based Exchange Traded Fund began trading on the Amex (GDX). The new Market Vectors – Gold Miners ETF was launched by the Van Eck Global firm and trades under the ticker symbol GDX. (PRWEB) May 27, 2006 — On May 22nd a new metals based Exchange Traded Fund began…

  • Invest offshore in ETF’s

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    Aaron
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    QUESTION: What are the tax implications for an american citizen of buying exchange traded funds in another currency in an offshore account? REPLY: According to MSN Money Central, an exchange traded fund (ETF) is essentially an index fund. As such they would be treated as mutual funds by the IRS. Those that are available through…