21st January 2012
Not only sunshine according to Bloomberg. The leading financial news corporation has reported that since the end of 2010, the number of funds established in Malta increased almost 30 percent and their total assets were up nearly 15 percent as of early December 2012
According to Bloomberg funds are re-domiciling to Malta from more-established fund jurisdictions. The island has benefited from a growing demand by investors for transparent regulation and from the fact that the EU was becoming increasingly hostile to non-EU based firms. However Bloomberg reports that Malta is not only attracting funds from the Cayman Islands and other non EU jurisdictions but from Luxembourg and the UK too.
Bloomberg reported that these “include Clive Capital LLP, which has about $4 billion under management, Comac Capital LLP, which has $5.2 billion under management, the $1.2 billion commodities and energy hedge fund BlueGold Capital Management LLP and the $2.8 billion fund- of-funds company Liongate Capital Management LLP.”