Offshore Mutual Fund

(redirected from Off-Shore Fund)

Offshore Mutual Fund

A mutual fund based outside the United States. Offshore mutual funds must comply with regulations in the countries in which they are registered, but need not comply with American regulations. Offshore mutual funds cannot be sold in the United States unless they comply with these regulations, but they may invest in U.S. securities.
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In an April newsletter on its website, NPG said it was "in negotiations with a major off-shore fund for the sale of Phases 2 and 3 at New Chinatown".
The new law makes Bahrain the first country in the GCC region to have introduced national legislation enabling for the formation of limited partnerships in a manner comparable to structures utilised in reputable off-shore fund domiciles.
Mr Cameron said on Monday that he was "angry" about criticism of his late father Ian, who died in 2010, following news that his father was a founder of an off-shore fund called Blairmore Holdings which was incorporated in Panama but based in the Bahamas.
DAVID CAMERON could face an investigation over claims he should have declared his stake in an off-shore fund which he later sold for a profit.
BMA funds also launched Pakistan's first US dollar denominated off-shore fund in 2005 which is the only Pakistan dedicated offshore fund being managed out of Pakistan.
JP Morgan US Value Equity Off-shore Fund invests in JPMorgan - US Value Fund and its benchmark is the Russell 1000 Value Index.
He also took into account that despite the off-shore fund being investigated by the Inland Revenue in 1992, Kearns had deliberately concealed its existence.
It was clear we needed to work with an independent fund administrator for managing both our on-shore and off-shore fund administration needs," said David Parker, Chief Operating Officer, The Archstone Partnerships.
His father ran an off-shore fund that avoided ever having to pay tax in Britain by hiring a small army of Bahamas resi-
Mr Cameron's father ran an off-shore fund that avoided ever having to pay tax in Britain by hiring a small army of Bahamas residents - including a part-time bishop - to sign its paperwork, according to the Guardian.
The Prime Minister was asked to confirm that "you and your family have not derived any benefit in the past and will not in the future" from the off-shore fund set up by Ian Cameron referred to in the papers leaked from Panama law firm Mossack Fonseca.