Latest News for: Guernsey trust fund


Emerald Technology Ventures Adopts Private Equity Servicing with Broadridge Blockchain Solution

Olean Times Herald 01 Nov 2021
Broadridge Private Market Hub�to provide Emerald and Northern Trust greater transparency and efficiency in managing the private equity fund lifecycle ... Market Hub ecosystem to gain visibility and reduce transaction friction to interact in real-time on all Guernsey domiciled funds.

This FTSE 100 stock is up nearly 120% in 3 years. I’d buy it today…

The Motley Fool 11 Sep 2021
Deep within the ‘boring’ FTSE 100 index lurk the shares of a listed hedge fund ... Pershing Square Holdings is structured as an investment trust — a fund with London-listed shares ... Registered in Guernsey, the trust tracks the Pershing Square Capital Management (PSCM) hedge fund run by US billionaire Bill Ackman.

Black money proceedings: Wealth order saves Yash

The Times of India 07 Sep 2021
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, as Yash Birla was earlier not held liable for wealth tax on funds with Guernsey Trust, the tax authorities cannot shift their stand and launch proceedings against him under the Black Money Act for the same offshore assets.

This FTSE 100 share is up 64% in 1 year. I like this ‘secret’ stock!

The Motley Fool 08 May 2021
Hedge funds are collective investment funds aimed at institutions and wealthy individuals ... This FTSE 100 firm is a hedge fund ... PSH is an investment trust — a fund that sells its shares, just as other listed companies do ... This Guernsey-registered investment trust tracks the Pershing Square Capital Management hedge fund.

FTSE 100: these were the best shares to buy a year ago. I’d buy this ...

The Motley Fool 08 Jan 2021
Scottish Mortgage Investment Trust 113.4% ... The top share on the list is SMIT, an investment trust with heavy exposure to high-flying US tech stocks ... This Guernsey-registered investment trust tracks the performance of Pershing Square Capital Management. This hedge fund is run by Bill ...

France's highest court orders retrial of art-dealing Wildenstein family

The Observer 06 Jan 2021
France’s highest court has ordered a retrial of members of the art-dealing Wildenstein family who were acquitted of tax fraud in 2018 ... A notary, two lawyers and two managers of trust funds held in Guernsey and the Bahamas were also in the dock. The accused, who denied the accusations, faced up to four years in jail ... TopicsFranceArtnews ... .

Trust that tracks Bill Ackman hedge fund to join FTSE 100

The Observer 03 Dec 2020
An investment trust that tracks the hedge fund run by the US billionaire Bill Ackman is to join the FTSE 100 after bets on the ... The Guernsey-registered trust tracks the performance of Pershing Square Capital Management, the New York-headquartered fund founded by Ackman in 2003.

The real Bill Browder story (part one): What US/UK won’t tell you about billionaire lobbyist’s ...

Russia Today 15 Jul 2020
The companies were ‘owned’ by Cyprus shells Glendora and Kone, which, in turn, were ‘owned’ by an HSBC Private Bank Guernsey Ltd trust. Ponomarev said the real owner was Browder’s Hermitage Fund ... Profits could get cashed out in Guernsey by investors of the Hermitage Fund and HSBC.

Endava Announces Third Quarter Fiscal Year 2020 Results

The Marshall News Messenger 21 May 2020
... tax of £7.6 million in the same period in the prior year.The Endava Limited Guernsey Benefit Trust ("EBT"), the beneficiaries of which are Endava's employees, funded the second and final tranche of a previously announced non-recurring discretionary employee bonus on May 5, 2020.

Endava Announces Second Quarter Fiscal Year 2020 Results

The Record 13 Feb 2020
The Endava Limited Guernsey Employee Benefit Trust ("EBT") funded the first tranche of the bonus through sales of Endava's Class A ordinary shares in November 2019. The funding of the second tranche by the EBT is expected to occur during the second half of FY2020 ... EMPLOYEE BENEFIT TRUST DISCRETIONARY BONUS.

Bright star to black hole: the rise and fall of fund manager Neil Woodford

The Observer 09 Jun 2019
He was the rock star of pensions and fund management, awarded a CBE for his services to the economy ... Woodford equity fund performance ... Woodford got around those rules, quite legally, by putting some of them into his separate, quoted Patient Capital investment trust – and taking Patient Capital shares into the main fund.
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