Success at ICSA Guernsey Awards
PRAXISIFM’S company secretarial team secured a hat-trick of awards at this year’s prestigious ICSA Annual Awards Dinner on Friday 9 November. The awards celebrate the achievements of ICSA students and members during the year. All three award winners are part of Praxis Fund Services’ (PFS) company secretarial team. Company Secretary...
Read morePraxisIFM launches dedicated Funds division in Jersey
The expansion of our well-established Jersey office follows 12% organic revenue growth across the Group’s established funds division during the last financial year, and reflects the ongoing attraction of Jersey’s fund sector. PraxisIFM has been providing trust services to corporate and private clients since 1972, and employs more than 70 staff...
Read moreJersey Funds team provides Gaspe House deal corporate services
Praxis Fund Services in Jersey provided corporate services for the purchase of Gaspe House by Seaton Place Limited. The deal has been described as the largest single asset commercial office acquisition in the Channel Islands. Completed in 2016, Gaspé House is a Grade A office building in central St Helier with more...
Read morePraxisIFM involved in record investment trust IPO
PraxisIFM has been appointed as Company Secretary to Smithson Investment Trust, which successfully raised a record £822m in its recent initial public offering (IPO). Smithson is managed by Fundsmith LLP and its investment objective is to provide shareholders with long term growth through exposure to a diversified portfolio of shares...
Read moreLSE and PraxisIFM in US initiative
US FUND managers looking to launch investment funds in the UK have attended two recent PraxisIFM-supported Stateside seminars. The London Stock Exchange (LSE) seminars attracted more than 100 fund managers, advisors and market participants in Boston and New York on 11 and 12 September, respectively. Topics covered included an overview...
Read moreNew legislation enhances Jersey Fund offering
The introduction of new legislation in Jersey, which will enable the establishment of Limited Liability Companies (LLCs), has been welcomed by Pippa Davidson, Managing Director of Praxis Fund Services in Jersey. ‘This move by the States of Jersey will provide clients with the option to use LLCs, similar to those...
Read morePippa Davidson joins list of speakers at key CI conference
The Channel Islands Funds Forum – ‘Untangling Complexities in Challenging Times’ will take place from 9am – 3pm on Wednesday 26 September at the Hotel de France, St Helier, Jersey. As in previous years, the conference will bring together leading funds practitioners from the CI and beyond to discuss...
Read moreAIFMD – The New Normal
July 22, 2018 marked the four-year anniversary of the Alternative Investment Fund Managers Directive (AIFMD) legislation coming into full effect throughout the European Union, including the end of the one-year grace period. There had been concerns from the financial sector surrounding the legislation in the years leading up to its...
Read moreGuernsey Regulation Ideal For South African Investment Vehicle
PRAXIS Fund Services Limited (PFS) has supported one of its long-established clients through a second successful rollover and fund-raising. The Guernsey-registered Closed-Ended Investment Company, Asia Pacific Basket Limited (APBL), raised USD109m through a combination of existing and new investors and offers exposure to a basket of major international indices while...
Read moreIFM’s expertise a boost for KID clients
Our experience of producing key investor documentation to clients under existing UCITS regulation has enabled us to create a one-stop solution for in-house and third party clients affected by the new Packaged Retail and Insurance-based Investment Products (PRIIPs) regulation. Here, Shaun Robert, Director of IFM, discusses the requirements. Summary The...
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