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Bermuda-based investment fund Thema is to fork out $130 million to repay victims of US fraudster Bernie Madoff. Thema was among many feeder funds that directed cash to Madoff’s New York-based investment advisory business, often without their clients’...

Despite challenging conditions, the LOM Fixed Income Fund outperformed its stated benchmark in 2016, and kept its five — star rating from Morningstar. The Hamilton-based company noted a sharp fixed income market sell-off accompanied by a Fed rate hik...

Bermuda’s growing asset management industry has a great opportunity for further expansion — particularly in the areas of insurance-linked securities and private equity. That was the one of the takes from the EY Hedge Fund Symposium that took place in...

Be prepared for a period of stagflation in the US, a Wall Street veteran warned an audience of asset management professionals in Southampton yesterday. Joesph McAlinden said inflationary pressures in the US are building up and this is likely to lead ...

Grant Gibbons, the Economic Development Minister, led a delegation of industry and Bermuda Business Development Agency representatives to New York this week to promote Bermuda as a domicile for asset managers. A presentation and networking event org...

Bermuda must strengthen its rules on enforcement and investor protection before it can become eligible for its European Union funds “passport”. That is the view of the European Securities and Markets Authority, which was considering the island’s appl...

Bermuda has a longstanding reputation as a high-quality jurisdiction in which to domicile an offshore fund, whether as a stand-alone vehicle or the now-familiar master/feeder structure. What follows is an overview of some recent changes, current dev...

Bermudian-based Windward Management Ltd has entered into a “strategic alliance relationship” with one of the biggest private banks in the US. The aim is to introduce high net worth investors in Bermuda to the services offered by BNY Mellon Wealth Man...

Bermuda’s asset management business could be boosted by the boom in insurance-linked securities (ILS), an expert said yesterday. Jessel Mendes, a partner at financial services firm Ernst & Young, said: “The interest in insurance-linked securities is ...

An investment company which manages more than $300 million of assets has established its operational headquarters in Bermuda — and is now seeking to make a substantial investment in an Island firm. Edelweiss Holdings Ltd focuses on wealth preservatio...

Partnerships will gain more of the same rights as businesses under amendments to the law that Government hopes will boost the Island’s asset management sector. Economic Development Minister Grant Gibbons said the changes to the Partnership Act 1902 w...