Comment: Chris Sullivan
The hedge fund industry has always had a bit of a schizophrenic relationship with the media, particularly here in the US
Against the backdrop of difficult market conditions and growing investor…
14/12/2011
The re-election last month of New Zealand prime minister John Key, the driving force behind efforts to boost the country’s hedge fund centre, has put plans for a new fund domicile regime back on track.
Earlier this year, Key’s government adapted legislation so that the country’s Portfolio Investment Entity (PIE) fund structure would offer a variable tax rate for foreign investors as of 1 April 2012, allowing non-residents to invest in New Zealand and foreign markets at a reduced tax rate.
“[Key’s] re-election means that plans will likely go ahead, creating an environment that is highly attractive for hedge fund managers looking to access Asia-Pacific,” said Stephen Abletshauser, founder of Palladium Trust Services.
New Zealand is also due to overhaul its general financial regulation by April 2013, bringing it to a higher, European standard.
07/06/2012
Join us and our panel of experts for HFMWeek's Subscribers' Club June's UK breakfast briefing, 'Impact…
31/05/2012
The next US HFMWeek Subscribers' Club breakfast, will take place on Thursday May 31. Join us and…
02/02/2011
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
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