Offshore fund


Also found in: Wikipedia.

Offshore fund

A mutual fund whose headquarters is based outside the United States.

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.

Offshore fund.

An offshore fund is a mutual fund that's sponsored by a financial institution that's based outside the United States. Unless the fund meets all the regulatory requirements imposed on domestically sponsored funds, it can't be sold in the United States.

However, an offshore fund may be sponsored by an overseas branch of a US institution, may invest in US businesses, and may be denominated, or offered for sale, in US dollars. In total, there are approximately four times as many offshore funds as there are US-based funds.

offshore fund

money and FINANCIAL SECURITIES held by a FINANCIAL INSTITUTION which has its registered office in an overseas country (usually a TAX HAVEN such as Bermuda, the Cayman Islands or Jersey).
References in periodicals archive ?
ENPNewswire-July 31, 2019--DBRS Assigns Ratings to Class A-R Loans and Class A-T Loans Issued by Brightwood Capital Offshore Fund IV SPV-3, LLC
In its Third Quarter 2018 Investor Letter, Third Point reported that the Third Point Offshore fund was down 0.1% in the quarter and is up 0.6% year-to-date, stating "Underperformance forces us to take a hard look at how our process let us down and, in this letter, we will try to share with you what we think has gone wrong this year and what could still go right." In terms of a new position, Third Point revealed it has taken a stake in American Express, as the firm thinks new CEO Stephen Squeri's focus on topline growth and underappreciated structural opportunities will "lead to more sustainable double-digit EPS growth going forward." Third Point noted in the letter, viewed by The Fly, that it sees AmEx shares "trading above $135 over the next 18 months for a total return of 30% upside."
The Zurich TDFs select from the full range of Zurich's offshore fund platform, including both active and passive strategies.
PS30,000 is a lot of money ACCORDING to the Sunday Times when it emerged that David Cameron had PS30,000 of shares in an offshore fund after previously condemning the comedian Jimmy Carr for aggressive tax avoidance, one minister said: "He doesn't think that PS30k is a lot of money so, in his mind, what he did was completely different to Jimmy Carr."
The March for Health, Homes, Jobs and Education also demanded David Cameron's resignation over allegations he profited from his dad's offshore fund.
Millionaire Cameron has admitted profiting from shares in his stockbroker dad's offshore fund.
Mr Cameron admitted he handled the row over his profits from an offshore fund badly but insisted he was angry about the way his father's memory was "traduced".
After a week of questions over his personal wealth and his late father's connection to an offshore fund, Cameron has moved to defuse criticism over his handing of the fallout from the Panama Papers by publishing his own tax records.
Cameron took the unusual step on Sunday to end days of questions about his personal wealth caused by the mention of his late father's offshore fund in the Panama Papers.
The information, first promised in 2012 but released following the furore about Mr Cameron's shares in an offshore fund set up by his father Ian, shows that Mr Cameron earned enough to benefit from the cut in the top rate of tax from 50p to 45p.
David Cameron faces claims of hypocrisy after revealing that he benefited financially from an offshore fund set up by his father, despite campaigning against tax avoidance and tax havens.
The leak of 11.5 million documents from Panamanian law firm Mossack Fonseca revealed that Cameron's father, Ian, had an offshore fund and avoided paying taxes in Britain.
Full browser ?