These changes will have a meaningful impact for those who, until now, have found it easy to use offshore financial vehicles to reduce their tax payments.
(Bloomberg) -- Blackstone Group LP, the asset manager run by Stephen Schwarzman, will shutter a mutual fund that allocates money to hedge fund managers following a large redemption by the vehicle’s main backer, Fidelity Investments...
Bonds were slower than stocks to face the threat from indexing because their returns typically are lower and the difference in performance among funds is often modest
(Bloomberg) -- Bats Global Markets Inc. is telling prospective investors that it’s trying to gobble up a piece of NYSE Group Inc.’s $2 trillion ETF listing pie...
(Bloomberg) -- U.K. Prime Minister David Cameron had a stake in an offshore fund set up by his late father, Ian, until six years ago, he said, answering for the first time the question of whether he ever benefited from the investment...
(Bloomberg) -- The fund linked to U.K. Prime Minister David Cameron’s father in the leaked Panama documents may be sparking questions about tax avoidance, though whoever invested in it didn’t fare so well...
