Financial services provider Dolfin has obtained a custody, depositary and execution licence from the Malta Financial Services Authority, which means it can now offer a full range of investment services from its office in Valetta. The company’s business is chiefly targeting collective investment schemes and trust, or other wealth structures that require a local custodian […]
The Swedish Financial Supervisory Authority, Finansinspektionen, has proposed even tighter restrictions to ensure stability in the country’s PPM long-term savings platform, following on from initial proposals to tighten the rules from platform operator the Swedish Pensions Agency. Finansinspektionen’s director general Erik Thedéen has said in an interview with Sweden’s biggest financial daily Dagens Industri that there […]
Arsenal forward Alexis Sanchez faces a possible jail sentence after admitting to tax fraud in Spain of almost €1m, committed in 2012 and 2013, while he was playing for Barcelona in La Liga. Appearing via a video link in the Barcelona court yesterday, Sanchez admitted the fraud in a short statement that took no more […]
The military battle to free Mosul, one of Iraq’s biggest cities, from Isis, is leading to a significant resurgence in valuations on the Iraq Stock Exchange, according to Malta based manager FMG. “The Iraq Stock Exchange started a decline when Isis conquered Mosul back in June 2014,” the manager said in a note sent to […]
The Malta-domiciled Wine Source Fund, investing in a diversified portfolio of international fine wines and spirits, has recorded a net return of 32.2% since its inception four years ago (as at 31 August 2016). The fund, also registered under the Alternative Investment Fund Manager’s directive of the European Union has outperformed wines and spirits’ industry benchmarks. […]
Malta has taken another step towards growing the size of its financial services sector by becoming the second jurisdiction alongside Luxembourg to adopt the Notified Alternative Investment Funds (NAIF) framework, according to Jeremy Leach, CEO of the Managing Partners Group. The NAIF framework means product providers are directly regulated rather than the products. This means […]
Portcullis Asset Management Limited (Portcullis) has announced the launch of its Malta-based Alternative Investment Fund Manager in order to assist alternative investment funds to comply with the Alternative Investment Fund Management Directive (AIFMD). Following the launch. Portcullis will assume responsibility for all AIFMD management functions on behalf of its clients. Funds managed through Portcullis’s AIFM […]
According to the local newspaper Times of Malta, Mediterranean Bank is set to open a branch in Belgium. The Maltese banking group, which provides wealth management services, had hitherto an online branch called Me Direct in the country. Mark Watson, CEO of Mediterranean Bank, told the newspaper that the firm’s online branch had 11,000 customers with €350m in desposits. […]
Malta based FMG says it expects continues positive returns from its India Opportunity Fund – which has gained 89% over 20 months on its dollar share class – because of the tailwinds supporting Indian growth. Improving economic policy changes, infrastructure expansion and a halving of the fiscal deficit are three factors it believes will enable […]
FMG, the frontier and emerging market funds provider, has announced the launch of its Mekong fund, which will focus on Cambodia, Laos, Myanmar (Burma), Thailand and Vietnam. The attractions of the region include the 300 million population, with a growing middle class, and average government debt levels below 50% – in contrast to the US […]
Arjen Los, portfolio manager on the Dominion CHIC fund remains firm on the megatrends of demographics and global growth that underpin the fund’s investment objectives.
Ratings agency Standard & Poor’s has sought to justify lowering the long-term ratings on nine European nations. We print below excerpts of the arguments it made for Friday’s downgrades.