Asset management, broadly defined, refers to any system that monitors and maintains things of value to an entity or group. It may apply to both tangible assets such as buildings and to intangible assets such as human capital, intellectual property, and goodwill and financial assets. Asset management is a systematic process of deploying, operating, maintaining, upgrading, and disposing of assets cost-effectively.
The term is most commonly used in the financial world to describe people and companies that manage investments on behalf of others. These include, for example, investment managers that manage the assets of a pension fund.
Alternative views of asset management in the engineering environment are: the practice of managing assets to achieve the greatest return (particularly useful for productive assets such as plant and equipment), and the process of monitoring and maintaining facilities systems, with the objective of providing the best possible service to users (appropriate for public infrastructure assets).
The reference to offshore, in the classic case, usually means a traditional offshore jurisdiction such as the Cayman Islands, Jersey or the British Virgin Islands. However, the term is also frequently used to include other corporate domiciles popular for cross border investment structuring, such as Delaware and Luxembourg. In the widest sense, offshore is sometimes used to include any type of cross border collective investment scheme, and popular fund domiciles such as Ireland may be included within the definition of offshore, notwithstanding their substantial size as a country.
Similarly, although the reference to fund can be taken to include any sort of collective investment, within offshore jurisdictions themselves, the term offshore fund is often limited to purely open-ended investment funds (i.e. a fund where the investor can redeem his investment during the life of the fund) where the investment is by way of equity (rather than by debt). This is often because closed-ended investment funds (where the investor cannot redeem out), and funds where the investment is structured by way of debt, are not normally subject to the usual regulatory requirements for investments funds, and so are not treated as funds in the stricter sense of that word.
The Monetary Authority of Singapore (MAS) said that 3AC exceeded the threshold for how many assets under management (AuM) an investment fund in the country can have ... As a registered fund management company (RFMC), 3AC was allowed to manage no more than $250 million in assets from 30 qualified investors.
... and also surpassed the assets under the management (AUM) threshold permitted for a registered fund management company (RFMC) ... “TAC had represented to MAS that it had novated the management of its fund to an unrelated offshore entity with effect from 1 September 2021.
3AC reportedly opened an entity in the British Virgin Islands and, according to the MAS, "novated the management of its fund to an unrelated offshore entity." In today's reprimand, the regulator now indicates, however, that "this representation was ...
All UAE onshore, offshore and free zone companies like banking and insurance firms, investment fund managers, financing and leasing firms, shipping, distribution and service centers, intellectual property firms, holding companies or the top of a corporation taking full responsibility for managing all business activities.
While the northbound links for A-share trading are not intended for mainland investors, those who managed to open offshore accounts piled in too by taking advantage of cheaper funding costs and higher leverage in Hong Kong.
As the largest digital fund administrator in the United States, MG Stover delivers world-class solutions for institutional investors operating in the alternative investment space, including specialized fund accounting, treasury management, KYC/AML due diligence and offshore compliance.
For example, how will offshore asset managers contribute to ... With the increased offshore limit SA retirement fund trustees have a unique opportunity to further support home-grown talent while also requiring offshore asset managers to be part of our nation’s transformation project.
Shuaa, a leading asset management and investment banking platform in the region, has won the financiers' confidence in the regional offshore support vessels (OSV) sector and its strong sponsor credentials ... The acquisition of Allianz is Shuaa managed fund’s second ...
Investment managers of an AIF (alternative investment fund) can provide investment management services to the offshore fund only by getting registered as portfolio managers, according to markets regulator Sebi ... The applicant was intending to manage an offshore fund, which will be ...
Australia’s building and construction super fund, Cbus Super, has acquired ... Cbus Super is one of Australia’s first superannuation funds, with over $73.5bn under management, and Star of the South is its first direct investment in offshore wind in Australia.
In April, cloud robotics specialist Vaarst announced that it had closed a $20m funding round for its AI technology, used to streamline the monitoring and management of offshore platforms in a manner that the company says could “revolutionise” how industries manage marine infrastructure.
The Copenhagen-based alternative investment fund manager, which has containers, bulkers, tankers and LNG carriers in its portfolio, has partnered up with the Norwegian shipowning company Norwind Offshore, established by Farstad, Volstad and Kleven, to invest in four of its ...
Sunette Mulder, SeniorPolicy Advisor at ASISA, explains that the closure of South Africa’s biggest money market fund in June last year distorted CIS flow statistics not only for the second quarter of last year, but also for the 12 month period to the end of March 2022 ...Offshore focus.
Fund manager Copenhagen Infrastructure Partners (CIP) was quick to respond to the high offshore wind goals pledged by four EU countries this week, proposing today to build an artificial island for green hydrogen from offshore wind in the Danish part of the North Sea.