Wednesday, 20 August 2014
Last updated 2 hours ago
Dec 16 2010 | 1:08am ET
It may not be the first place—or second or third—that you think of when you hear the words, "Asia-Pacific hedge fund hub." You may not think of it at all, in fact. But New Zealand's prime minister has big ambitions in the alternative investments world for the island nation.
John Key is pushing to have a new financial regulation regime in place by April of next year, one based on the European Union's UCITS III regime. Such rules would allow New Zealand-based hedge funds to meet the EU's strict new standards for offshore funds, HFMWeek reports.
New Zealand has been working on the new system since last year, but has gotten gummed up in the Ministry of Economic Development. That is, it was, until Key stepped in to undo the ministry's "absolute rubbish" approach.
Among the hedge fund-friendly measures in the New Zealand proposals would be no tax for foreign funds that are not invested in the country.
Fund administration costs in New Zealand are also half as much as in Australia, according to HFMWeek.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note