Saturday, 23 May 2015
Last updated 1 day ago
Dec 6 2012 | 11:05am ET
The British Virgin Islands is making it easier for smaller hedge funds to make their home in the offshore financial center.
The British Virgin Islands Financial Services Committee on Monday will begin offering a new investment management license for non-institutional firms running small and medium-sized funds. The new rules streamline the regulatory matters facing such firms, which the BVI say do not pose a systemic risk to the financial system.
The new licenses cover BVI-domiciled funds with at least US$400 million in assets under management for open-ended funds and US$1 billion for closed-ended funds.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…