News

Aug 24

Heritage International Fund Managers (“HIFM”) is to offer portfolio and risk management services for alternative investment funds with its comprehensive Manco solution. Heritage has provided risk management solutions to a range of clients since the inception of the Alternative Investment Managers Directive (“AIFMD”) and has been licensed to provide investment management services since 2012.

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Apr 05

Mariana Enevoldsen and James Christie, directors at Heritage International Fund Managers (“HIFM”) will be attending this year’s Guernsey Funds Forum due to take place on the afternoon of 11 May 2017 at etc.venues in London.

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Apr 04

Heritage Group representatives recently returned from this year’s MIPIM conference held in Cannes. As the world’s leading real estate event, MIPIM gathers the most influential players from all areas of the global property industry and once again it provided interesting insight into this dynamic sector. Heritage Director Gerry Warwick shares his views on the most important trends and challenges facing real estate investment in 2017.

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Feb 06

Following a recent evaluation, Standard & Poor’s (S&P) has re-affirmed the sovereign credit rating of Guernsey as AA-/A-1+ with a stable outlook. This rating reflects S&P’s confidence in Guernsey’s strong and flexible institutions, its healthy economy and robust fiscal framework.

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Jan 23

Guernsey Financial Services Commission (GFSC) has confirmed a further quarter of growth for the Bailiwick’s investment funds sector. The net asset value of funds under management and administration grew by £2bn to £249.4bn in the quarter ending 30 September 2016. Overall, total assets increased by some 10.9% or £24.6bn over the twelve months to the end of September.

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Dec 16

The requirement to maintain a register of people with significant influence or control, more commonly known as the PSC Register, was introduced on 6 April 2016 as a result of the changes introduced by the Small Business, Enterprise and Employment Act 2015.

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Nov 28

Over the last six months Guernsey’s financial services sector has seen an influx of new business migrating to the island from those wanting the reassurance of a robust jurisdiction that withstands the scrutiny and meets the increased global standards of transparency and regulation.

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Nov 16

The Guernsey Financial Services Commission (“GFSC”) today confirms the approval of a new regime for Private Investment Funds following a short consultation process which closed on 10 November 2016. The new regime addresses a perceived gap in the range of fund products available in the Bailiwick when there is a close relationship between investors and management, removing the formal requirement for information particulars and reducing the application process to one day.

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Oct 04

The latest figures from the Guernsey Financial Services Commission (GFSC) highlight an increase in the value of Guernsey’s funds business of £27.1 billion over the year ending 30 June 2016. This is equivalent to a rise of 12.3% on the previous year, bringing total assets of funds under management and administration to some £247.1 billon. This follows a fourth consecutive quarter of strong growth which saw the net asset value of funds rise by £9.1 billion or 3.8%.

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Sep 09

Malta’s economic growth continued to outperform the Eurozone average in the first quarter of 2016 standing at 5.2%. Credit rating agency Fitch Ratings has affirmed Malta's Long-Term Foreign and Local Currency Issuer Default Ratings at 'A' and the outlook was revised upwards from Stable to Positive.

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Jun 22

The Guernsey Financial Services Commission (GFSC) has announced that the total value of funds business in Guernsey grew by £10.4 billion (4.6%) during the first quarter of 2016 to £238 billion (as at 31 March 2016). The latest figures reveal that the net asset value (NAV) of all the funds under management and administration in Guernsey increased by £15.8 billion (7.1%) for the year ended 31 March 2016.

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May 31

The Guernsey Financial Services Commission (GFSC) recently announced the launch of the Manager Led Product (MLP) following a short consultation period. The MLP is aimed at Alternative Investment Fund Managers (AIFMs) seeking to market Alternative Investment Funds (AIFs) into Europe using the applicable National Private Placement Regime (NPPR).

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Apr 29

Cyber security is a hot topic these days - hardly a week goes by without headlines of the threat posed from breaches of cyber security. This on the radar of the Guernsey Financial Services Commission and the States of Guernsey, both of which have undertaken reviews in this area. In his latest Business Panel column for the Guernsey Press, Stuart Butler, reviews the practical steps that businesses can take to cover themselves.

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Apr 27

Mark Huntley, Mariana Enevoldsen and James Christie, directors at Heritage International Fund Managers (“HIFM”) will be attending this year's Guernsey Funds Forum due to take place on the afternoon of 12 May 2016 at etc.venues in London.

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Apr 04

Heritage Group has recently returned from this year’s MIPIM conference held in Cannes and host to 21,400 delegates. The event proved a great success once again, with the Heritage stand attracting a broad spectrum of real estate and investment professionals, allowing our team to build new relationships and meet existing contacts.

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Mar 30

The key to a better understanding of how Guernsey might fare if the UK leaves the EU is to look back at when Britain first became a member state. As part of the UK’s entry into the EU, a specific set of circumstances were negotiated for the Channel Islands and the Isle of Man under what is known as Protocol 3.

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Mar 30

The latest figures released by the Guernsey Financial Services Commission (GFSC) show that the total value of funds in the Island grew by £2.7 billion (1.2%) during the fourth quarter of 2015.

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Jan 06

Options available to fund managers marketing into Europe under the Alternative Investment Fund Managers Directive (AIFMD) will be the focus of the forthcoming Guernsey funds masterclass in London hosted by Guernsey Finance and the Guernsey Investment Fund Association.

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Dec 03

Heritage Depositary Company (UK) Limited, a Heritage company authorised by the FCA, has been appointed as depositary to Regional REIT Limited which is a partnership between Toscafund Asset Management LLP, the Investment Manager and London & Scottish Investments Limited, the Asset Manager of the property portfolio.

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Nov 02

On 13 October 2015, Steven Maijoor, the Chair of the European Securities and Markets Authority (‘ESMA’) addressed the Economic and Monetary Affairs Committee at the European Parliament regarding the application of the Alternative Investment Fund Managers Directive (‘AIFMD’) passport to non-EU Alternative Investment Fund Managers (‘AIFMs’) and Alternative Investment Funds (‘AIFs’).

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Sep 14

Guernsey has recently amended The Investor Protection (Designated Countries and Territories) Regulations in order to allow the promotion in the island of Alternative Investment Funds within EU Members States that have fully implemented the EU Alternative Investment Fund Managers Directive (“AIFMD”).

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Aug 07

The EU Commission has confirmed that Guernsey is no longer on its tax ‘blacklist’. The news was greeted with relief by government and industry following the shock announcement that Guernsey was included in a list of 30 ‘non-cooperative’ jurisdictions issued on 17 June 2015.

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Apr 10

A Heritage team consisting of fund and corporate services specialists Mark Huntley, Gerry Warwick, Mariana Enevoldsen and John Wright, attended MIPIM – the world’s leading property conference in Cannes on 10-13 March 2015.

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Dec 03

A technical showcase of Guernsey's funds offering and how the Island is positioning itself amid the latest regulatory pressures will be the focus of a funds masterclass in London at the start of next year, hosted by Guernsey Finance and the Guernsey Investment Fund Association.

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Dec 01

Harbour director, Sarah McGreevy, outlined the proposals for the regeneration of Guernsey’s harbours in the final Institute of Directors (IoD) lunch event of the year, sponsored by Heritage Insurance.

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Nov 24

Heritage International Fund Services Malta Limited has been licensed by the Malta Financial Services Authority (MFSA) to provide depositary services compliant with the Alternative Investment Fund Managers Directive (AIFMD).

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Jun 20

Heritage Fund Services has continued its strong performance this year with a number of prestigious awards, which recognise its consistent high performance as a service provider to alternative investment companies.

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Jan 06

Rhea Gordon, Head of Business Development for Heritage Fund Services and Heritage Depositary Company, talks to Acquisition International about structuring private funds in Guernsey.

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Estera has acquired Heritage Financial Services Group.

Estera is a leading global provider of fiduciary and administration services. The 
acquisition of Heritage Financial Services Group is central to the expansion of 
our funds service line and also expands jurisdictional choice for our trust and 
corporate clients.

These pages are no longer available but you can find further information on our services 
at www.estera.com

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