Offshore Investment

The alleged $65bn Madoff fraud has damaged the offshore fund industry's credibility and spurred on the regulatory changes that have been promised by authorities, according to International law firm, Appleby.

Prudential International has launched a 1% extra allocation special offer on its International Prudence Bond.

Standard & Poor's (S&P) Fund Services has de-rated several funds of hedge funds (FOHFs) with exposure to Madoff strategies.

Skandia International has announced a special offer of up to 107% enhanced allocation across its key markets.

Axa has launched an International Portfolio Bond from its Dublin office as part of its expansion programme.

Depositors with money trapped in Kaupthing Singer & Friedlander Isle of Man (KSFIOM) have a month to wait before finding out how much cash they will get after a date was set for a vote on how compensation should be arranged.

Depositors with money trapped in Kaupthing Singer & Friedlander Isle of Man (KSFIOM) have a month to wait before finding out how much cash they will get returned after a date was set for a vote on how compensation should be arranged.

IFAs have hit back at Treasury Committee claims that advice given to clients with money deposited with Icelandic banks in the run-up to their collapse in October was not good quality.

The Isle of Man Treasury will today present a finalised Scheme of Arrangement (SoA) to the high court hearing into the collapsed Kaupthing Friedlander & Singer Isle of Man (KSFIOM) bank.

Life companies have hit back at action group claims they are not using their weight to pressure the Isle of Man (IoM) Government into returning all bondholders' money trapped in collapsed bank Kaupthing Singer & Friedlander Isle of Man (KSFIOM).