BISX: Mutual Funds Listings

September 13, 2003By @BahamasFSBAsset Management

This past week, the Bahamas International Securities Exchange (BISX) announced the listing of four new mutual funds: · Premier Commercial Real Estate Investment Company Limited (PRE) · The Colina MSI Preferred Investment Fund, Ltd. (CBA) · The Colina Money Market Investment Fund, Ltd. (CMM) · The Fidelity Bahamas Growth & Income Fund Limited (FGI) Each … Read More

New Investment Funds Act & Regulations

August 30, 2003By @BahamasFSBAsset Management

The Investment Funds Act 2003 has been passed by both the House and Senate. Expectations are that the Act will be gazetted at the time the Investment Funds Regulations 2003 are tabled in Parliament. The Investment Funds Act replaces the Mutual Funds Act 1995 and has attracted wide industry support as achieving *”the right balance … Read More

Alternative Investment Conference

June 5, 2003By @BahamasFSBAsset Management

The Bahamas Financial Services Board (BFSB) and the Bahamas Fund Association (BFA) will participate in *Forum 2003*, the upcoming conference and exposition for professionals in the alternative investment industry. Sponsored by the Managed Funds Association (MFA), *Forum 2003* will feature an extensive educational program, special networking opportunities, and an informative exhibition of products and services … Read More

Expansion of Investment Funds Business

May 2, 2003By @BahamasFSBAsset Management

Hon. Allyson Maynard-Gibson, M.P. Minister of Financial Services and Investments Earlier this week, Minister Maynard-Gibson contributed to discussions in the House of Assembly during the Second Reading of the Investment Funds Bill. The Minister was responsible for tabling the bill for *”An Act to Provide for the Regulations of Investment Funds in The Bahamas and … Read More

Investment Funds Bill: Right Balance Between Market Demands & Regulatory Oversight

February 19, 2003By @BahamasFSBAsset Management

In collaboration with the Bahamas Association of Mutual Fund Administrators (BAMFA), BFSB hosted a Members Business Forum on Monday, February 17, for the purpose of providing an analysis of the new Investments Funds Bill, and the opportunity for members to provide further input to the Securities Commission of The Bahamas. The Bill, replacing the existing … Read More

The Bahamas: Attractive Jurisdiction For The Domiciliation Of Investment Structures

February 9, 2003By @BahamasFSBAsset Management

Michael L. Paton Chairman Bahamas Financial Services Board 2002 will undoubtedly be regarded as a seminal year for the financial services industry of The Bahamas. In January, The Bahamas signed a Tax Information Exchange Agreement with the United States of America. This act of political expediency ensured The Bahamas maintained its Qualified Jurisdiction status for … Read More

Legislative & Regulatory Regime Promoting Growth in Mutual Funds Sector

November 23, 2001By @BahamasFSBAsset Management, Industry News, Legal

According to a release from the Bahamas Association of Mutual Fund Administrators (BAMFA), the mutual fund industry in The Bahamas has expanded, with firm prospects for a “very bright future”. The number of funds based in The Bahamas currently stands at some 725, representing total assets under management of $94 billion. BAMFA credits the expansion … Read More