Goldman Defends Islamic Bond Program as Conforming to Sharia Law
A program begun by Goldman Sachs in October to offer a $2 billion sukuk that conforms to sharia law has been defended by an advisor to the firm.
Irish Authorities Withdraw CFD Stamp Tax
LONDON (HedgeWorld.com)--Ireland's Revenue Commissioners, the country's tax authority, has withdrawn a compliance notice that aimed to extend the 1% tax on equities transactions to contracts for difference after the Finance Ministry said it would review the relevant legislation. The climb-down ends two weeks of uncertainty following a Compliance Notice published...
Continuous Time Discontinued
LONDON (HedgeWorld.com)--Continuous Time Finance LLP, an US$80 million statistical arbitrage hedge fund, filed to de-list its shares from the Irish Stock Exchange effective Jan. 5. The move came as the fund liquidated its assets and returned capital to investors, according to people familiar with the firm and published reports. Attempts...
Arundel Partners Lists Funds, Targets SIPPs
LONDON (HedgeWorld.com)--Arundel Partners Ltd. will list shares of two of its funds of funds--the Arundel Premier Fund and the Arundel Fixed Income Fund--on the Irish Stock Exchange. The purpose of the listing, according to Arundel Partners officials, is to make both funds suitable for Self-Invested Personal Pension accounts, or SIPPs....
Maestro Fund Gets Irish Listing
SINGAPORE (HedgeWorld.com)--Maestro Capital Management Pte Ltd. is listing on the Irish Stock Exchange shares of its managed futures fund, Global Maestro Fund I. The listing comes...
Olympia Adds Leveraged Fund, N.Y. Analyst
PARIS (HedgeWorld.com)--Olympia Capital Management SA launched a leveraged multi-strategy fund of funds, Olympia Star II Plus (Euro) Class. The new fund is based on an existing...
Derivatives Accounting Reform in Europe Faces End-of-Year Deadline
LONDON (HedgeWorld.com)--Phylon Fund, Ltd., a U.K.-headquartered hedge fund manager listed on the Irish Stock Exchange, announced a change of its accounting system from the international...
Arenberg Starts Irish Stock Exchange-Listed Gold Fund
NEW YORK (HedgeWorld.com)--Last week Arenberg and Associates Ltd. LLC of Bayville, New York, launched Nostradamus All Gold Funds (NAG II), which promises absolute returns to...
Norshield Announces New Fund
MONTREAL (HedgeWorld.com)--Norshield Financial Group launched a new fund of funds on July 1 that is listed on the Irish Stock Exchange. The Univest Global Fund Ltd....
Absolute Return Europe Fund Lists on Irish Exchang
ZURICH, Switzerland (HedgeWorld.com)--Absolute Return Europe, a long/short hedge fund run by Florian Homm, listed its euro-denominated shares on the Irish Stock Exchange and signed a...