FUNDS 10/10

Apr 2, 20222 min read

Russian oligarchs unable to make withdrawals in time

According to the CBC's information, they were unable to withdraw deposits from natural or legal persons whose assets had been frozen as a...

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Due to Russia's exposure, 41 Luxembourg-domiciled funds have been suspended.

Flexi Group

Mar 24, 20221 min read

Due to Russia's exposure, 41 Luxembourg-domiciled funds have been suspended.

According to Claude Marx, director general of the Commission de Surveillance du Secteur Financier, 41 Luxembourg-domiciled funds have...

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European Central Bank instructed to scrutinize all transactions involving Russian and Belarusian

Flexi Group

Mar 18, 20221 min read

European Central Bank instructed to scrutinize all transactions involving Russian and Belarusian

The European Central Bank's (ECB) supervisors have directed some EU banks to scrutinize all transactions involving Russian and Belarusian...

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For the first time, Guernsey funds surpass £300 billion

Flexi Group

Mar 14, 20222 min read

For the first time, Guernsey funds surpass £300 billion

For the first time, the net asset value (NAV) of Guernsey funds has surpassed £300 billion. According to the Guernsey Financial Services...

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Argentina secures a $45 billion debt settlement with the International Monetary Fund

Flexi Group

Mar 4, 20221 min read

Argentina secures a $45 billion debt settlement with the International Monetary Fund

IMF and Argentina have agreed to a $45bn deal to restructure debt from the country's historic 2018 bailout, just weeks before a deadline...

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Suspension of Russia-related funds by JP Morgan AM

Flexi Group

Mar 1, 20221 min read

Suspension of Russia-related funds by JP Morgan AM

In the wake of the ongoing conflict in Ukraine, JP Morgan Asset Management has halted trading in three funds. JPMAM confirmed to...

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Sanlam launches fund targeting AI in Asia Pacific

Flexi Group

Feb 15, 20221 min read

Sanlam launches fund targeting AI in Asia Pacific

An UCITS-compliant fund has been launched by Sanlam Investments, which will invest in companies that have the potential to "harness the...

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According to Fitch Ratings, the growth rate of Islamic funds is outpacing the overall market

Flexi Group

Feb 10, 20222 min read

According to Fitch Ratings, the growth rate of Islamic funds is outpacing the overall market

According to Fitch Ratings, the growth rate of Islamic funds' assets has outpaced that of the broader mutual fund industry. According to...

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Mediolanum announces the creation of a circular economy fund

Flexi Group

Feb 10, 20221 min read

Mediolanum announces the creation of a circular economy fund

Mediolanum International Funds has launched a fund that will invest in companies that help the world transition to a circular economy....

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Fidelity International has announced the launch of a sustainable China fund.

Flexi Group

Feb 4, 20221 min read

Fidelity International has announced the launch of a sustainable China fund.

Fidelity International has announced the launch of a sustainable China fund. As part of its Sustainable Family of Funds, Fidelity...

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In a regulatory first for Guernsey, a medicinal cannabis and psychedelics fund has launched.

Flexi Group

Feb 1, 20222 min read

In a regulatory first for Guernsey, a medicinal cannabis and psychedelics fund has launched.

Leafy Tunnel, an early-stage venture capital firm, has launched the first regulated medicinal cannabis and psychedelics fund in Guernsey....

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Collision of offshore trusts holding carried interest is 'full of misunderstandings'

Flexi Group

Jan 20, 20226 min read

Collision of offshore trusts holding carried interest is 'full of misunderstandings'

The taxation of non-domiciled individuals and offshore trusts is a deeply complex area that is traditionally the preserve of private...

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A SICAV fund has been fined for investing "millions without robust controls."

Flexi Group

Jan 16, 20222 min read

A SICAV fund has been fined for investing "millions without robust controls."

Southern Cross SICAV, a Maltese investment fund, was fined €303,710 for "failures" in its anti-money laundering obligations, according to...

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Mifid discretionary license granted to Aisa International

Flexi Group

Jan 13, 20222 min read

Mifid discretionary license granted to Aisa International

The European advice network OpesFidelio of Prague-based Aisa International has received formal notification from the Czech regulator that...

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47 million euro to protect IP of EU SMEs in the green COVID recovery

Flexi Group

Jan 13, 20222 min read

47 million euro to protect IP of EU SMEs in the green COVID recovery

On Monday, the European Commission and the EU Intellectual Property Office announced the new EU SME Fund, which will provide vouchers to...

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Japanese firm launches crypto asset fund

Flexi Group

Jan 3, 20221 min read

Japanese firm launches crypto asset fund

Tokyo-based financial services company SBI Group has launched a crypto asset fund comprising seven different cryptocurrencies. According...

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Cyprus roundtable: On the fast track to becoming a major cross-border hub

Flexi Group

Jan 3, 20223 min read

Cyprus roundtable: On the fast track to becoming a major cross-border hub

In just a few years, the island has rapidly grown as a centre of excellence for the fund and asset management industry, according to a...

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