Most Read Contributor in British Virgin Islands, March 2017
I have had the distinct honour and pleasure of being invited to
speak at two excellent conferences recently.
In September I headed down to Sao Paulo to speak at the
DMS 6th Annual Investment Funds Summit. I was joined
on a panel by fellow Harneys partner Marco Martins, along with two
representatives from Maitland and one from DMS. It was a slight
concern of mine that every other panellist was fluent in Portuguese
but thankfully this illiterate Englishman managed to scrape by.
We discussed the latest trends and updates from the offshore
world, with Marco touching on the
new LLCs in Cayman and I was asked to talk through the
incubator and approved funds. It was very interesting indeed
for both of us to get a real sense of fascination in the room with
not only some in-depth queries during the presentation, but also
afterwards and well into the evening whilst we were enjoying our
caipirinhas. Given the tax amnesty at the moment, offshore
structuring remains incredibly poignant and the use of fund
vehicles in particular seemed to be of real interest to budding
fund managers looking to take in investments from the high net
worths who are bringing their money back into Brazil and wanting to
put it to good use.
My only disappointment, as you will see from the photo, is that
no one provided me with the memo about wearing a pair of bright red
socks. Next time.
Not long after I unpacked my bags, I was getting down the
suitcase again to fly up to one of our very regular stomping
grounds of New York to speak at the Marcum Alternative
Investment Manager Forum Dennis Schall put on a truly masterful
event which included a keynote speech from Larry
Kudlow which was one of the most impressive I have ever heard.
A room full of rather loud elephants was hushed into silence by
some unbelievably simplistic and yet incredibly brilliant economic
policies that led to a standing ovation at the end. Given he acted
as senior economic adviser to President-elect Trump throughout his
campaign, there is potentially reason to be a little more
optimistic than the outlook a number of the political commentators
are currently expressing.
Whilst it was far from ideal to speak in and around such an
impressive orator, it was great to help emerging managers with both
the rationale behind using their service providers in the most
efficient manner and then set out the various structures that can
be used in our industry to maximise the manager's goals. Dennis
had put together some great panellists indeed and not only do I
think we added a little bit of insight, but there was a touch of
humour too as you will see demonstrated from my photo with
Boy, didn't he look like he was just bubbling with
enthusiasm to be seen standing next to the offshore guy...
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Now that the United Kingdom has served notice to leave the European Union under Article 50 of the Lisbon Treaty, managers of offshore funds have a clearer timetable for when Brexit will happen, with the UK scheduled to leave the EU in March 2019.
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