DENVER, May 18, 2011 /PRNewswire/ -- ProLogis (NYSE: PLD), the leading global provider of distribution facilities, announced today that since the start on April 22, 2011 of its mandatory tender offer for ProLogis European Properties, a Luxembourg closed-ended investment fund (Euronext/Amsterdam: PEPR, hereafter "PEPR") it has received for tender or purchased in the open market 52,780,015 Ordinary Units carrying voting rights of PEPR. When these tenders have been accepted and the purchases completed, ProLogis will hold directly or indirectly a total of 126,893,588 Ordinary Units and 9,332,612 Perpetual Convertible Preferred Units ("Preferred Units") of PEPR. Based on information published by PEPR as to the total number of PEPR Ordinary and Preferred Units in issue, this holding will repr...
... wishing to distribute dividends to Luxembourg pension and investment funds. . This is without do...
LUXEMBOURG (Reuters) - Fund industry players are increasingly concerned that the development of hedge fund-style strategies sold to retail investors under European Union rules may threaten a bid to push the European brand out to emerging markets. An E.U. directive known as UCITS - or Undertakings for Collective Investment in Transferable Securities - established a framework for a mutual fund product to protect retail investors by setting out stiff liquidity and transparency rules. It was revised in 2008 under UCITS III to allow shorting and the use of derivatives, and some are concerned the pendulum has swung too far in favor of complex new hedge fund-style products - sometimes called Newcits in the industry.
While the initial wave of modern Islamic banking focused on the retail side of the business, investment banks are the new trailblazers. US and European banks are bidding for Shariah-compliant tranches of major financings to repackage as investment funds. Meanwhile, the oil-rich countries of the Middle East offer a pool of liquidity that is a big draw for financiers and companies seeking to raise capital. Dubai Ports World's takeover of UK-based port operator P&O last year was financed in part with Islamic "bonds," or sukuk, that were oversubscribed more than four times, receiving a total of $11.4 billion in bids. Saudi Arabia is swarming with investment bankers who are eager to bring to market the next batch of initial public offerings to deepen the Saudi stock market. While oil is ...
... earns more than someone working in Luxembourg.". Rather than looking at the region from afar and...
LUXEMBOURG (HedgeWorld.com) - The Luxembourg legislature is in the process of discussing a new law for investment structures that would significantly simplify the process of setting up investment vehicles such as hedge funds or real estate or private equity funds. Likely to be entitled the Specialised Investment Fund Law, the proposed legislation is being discussed this afternoon [Feb. 13] by the Luxembourg Parliament. The new law could be passed today, and is likely to be presented officially this or early next week. The new law is intended to tie together aspects of existing investment laws passed in 1991 and 2002, which pertain to investment vehicles aimed at non-retail clients. The 1991 law referred to funds that could only be distributed to institutional investors. Part two of the ...
... as a promoter," said a spokesperson for European Fund Administrators AG, a fund administration spec...
Money market rate premiums have been high and volatile. The difference between money market rates and central bank key rates has been the widest since the international financial turbulence started in August last year. Norwegian money market rates increased sharply after international risk premiums spilled over into the Norwegian market. Foreign exchange markets have also been volatile. Investors have shown interest in the large and most liquid currencies. Growth is also slowing in the Norwegian economy. Household consumption has stagnated and house prices are falling. Monetary policy in Norway is oriented towards annual consumer price inflation of close to 2.5% over time. In recent years, inflation has on average been somewhat lower, but fairly close to 2.5%. A deep and protracted glob...
...US and European financial institutions have suffered large losses.... a new and dramatic turn after the US investment bank Lehman Brothers failed on 15 September and th... for both short-term and long-term funding in money and credit markets resulted in higher ban..., while its operations in Belgium and Luxembourg have been acquired by a French bank. In Denmark, t...
... position has been recognised by the European Union in a protocol (No.3) attached to the United ... enjoy significant advantages over Luxembourg and Ireland. . (b) Integrity And Reputation . Each...
There are over 5,000 captive insurance companies in the world today, accounting for several billion dollars in premiums. The smart captive does not place its business somewhere based on what next year's profits might be; it does it with an eye to where things might be in five or 10 years. A growing number of US states and foreign countries are opening their doors to captive insurers, and established domiciles are working to refine their regulations and improve service to make them more enticing. And as competitive as the domicile market was last year, it is even more so now and promises to get even tighter in the years to come. Presented is a review of the world's 25 largest captive domiciles. Many of the domiciles will be familiar from this publication's previous Captive Domicile Revie...
... Channel Islands, Guernsey is the largest European domicile in the world, providing a unique link for... monitored by both the International Monetary Fund and the Financial Action Task Force-and businesses...Contact: Barbados Investment and Development Corporation. #7 Luxembourg. Active...
All grist to the mill of Luxembourg limited partnerships? . A recent decision of the G.... Due to the Alternative Investment Fund Manager Directive - better known as "AIFM"2 -..., the private equity industry across the European Union is currently revisiting key questions such a...
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