Latest News for: Offshore fund manager


Three Arrows Capital gets a slap on the wrist from Singapore financial watchdog

Cryptoslate 30 Jun 2022
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.

Three Arrows Capital Provided False Information and Exceeded AUM Threshold, MAS States

CryptoPotato 30 Jun 2022
... 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.

Wpd joins Australis to co-develop 1.4 GW of Aussie offshore wind

Renewables Now 30 Jun 2022
... venture with Australis Energy Ltd to develop three offshore wind projects with a total installed capacity of 1.4 GW ... Last month, the German group announced it had agreed to divest its offshore wind operations to New York-based fund manager Global Infrastructure Partners (GIP).

Singapore Regulator Reprimands Three Arrows Capital for 'Providing False Information'

Decrypt 30 Jun 2022
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 ...

New deadline looms: Ensure your business abides by UAE's economic substance rules

Gulf News 30 Jun 2022
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.

Over one million banned from trading A shares

Shenzhen Daily 29 Jun 2022
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.

Digital Asset Infrastructure Leader PolySign, Inc. Raises $53M Series C Round to Service Institutional Investors

The Facts 28 Jun 2022
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.

Increased offshore allowance is an opportunity for investors — and transformation

Business Day 14 Jun 2022
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 secures $160m SOFR-based LBO from NBF, Apicorp

Gulf Daily News 14 Jun 2022
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 ...

Sebi clarifies on applicability of alternative investment funds, portfolio managers rules

The Times of India 13 Jun 2022
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 ...

Cbus buys into Australia’s leading offshore wind project

Splash24/7 02 Jun 2022
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.

Q&A: A $20m boost for subsea digital tools advances offshore automation

Power Technology 02 Jun 2022
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.

Navigare Capital enters offshore wind support vessel segment

Splash24/7 24 May 2022
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 ...

CIS assets remain above R3 trillion despite a turbulent start to the yea

Independent online (SA) 24 May 2022
Sunette Mulder, Senior Policy 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.

CIP eyes North Sea energy islands to deliver on heightened offshore wind ambitions

Renewables Now 20 May 2022
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.

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