Friday, 28 November 2014
Last updated 10 hours ago
Mar 23 2010 | 3:22am ET
Direct taxes would be a bad idea in the Cayman Islands, domicile of approximately 80% of the world’s hedge funds, a blue-ribbon panel has said.
The Miller Commission, headed by former U.S. Federal Trade Commission Chairman James Miller, warned that imposing direct taxes could imperil the islands’ financial services industry.
The commission was created at the behest of the British government, which last year approved the Caymans’ request to exceed its debt limits.
“Our position is, and will continue to consistently be, that we do not believe that direct taxes are good for this country,” McKeeva Bush, the Cayman prime minister, said.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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