{"id":39801,"date":"2014-01-02T08:40:12","date_gmt":"2014-01-02T13:40:12","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=39801"},"modified":"2014-01-10T07:48:32","modified_gmt":"2014-01-10T12:48:32","slug":"hedge-fund-hotspot-malta-nearing-16-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2014\/hedge-fund-hotspot-malta-nearing-16-billion.html","title":{"rendered":"Hedge Fund Hotspot: Malta Nearing $14 Billion"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/01\/malta9.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-39802\" alt=\"malta9\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/01\/malta9-300x225.jpg\" width=\"300\" height=\"225\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/01\/malta9-300x225.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/01\/malta9-1024x768.jpg 1024w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/01\/malta9.jpg 1600w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.Net) &#8211; The financial services industry in Malta is nearing a \u20ac10 billion ($14.6 billion) milestone.\u00a0\u00a0It currently has \u20ac9.79 billion in net asset value spread across 620 hedge funds, 133 fiduciary licences, 28 international banks, 66 insurance operators, 26 fund administrators, and six custodians.\u00a0Malta was recently selected as Europe\u2019s favorite location for hedge funds.<\/p>\n<p>\u201cWe are seeing substantial demand from a number of hedge fund managers who are choosing to shift their operations to Malta in response to both the rising costs of business and the growing regulatory burden in their domicile,\u201d\u00a0<a href=\"http:\/\/www.financemalta.org\/\" target=\"_blank\">FinanceMalta<\/a> chairman Kenneth Farrugia\u00a0said at a recent networking event.<\/p>\n<p>According to the Malta Financial Services Authority, 73 per cent of Malta&#8217;s borrowings and deposits originating from overseas. In 2013, the finance sector supported close to 10,000 jobs in Malta, and the gross value added contribution the sector made to the economy both directly and indirectly is estimated to be moving towards 15 per cent of GDP.<\/p>\n<p>\u201cMalta is emerging alongside London, Geneva and Luxembourg, as another European location for fund managers keen to maintain flexible operating arrangements. Positive coverage by key media such as CNBC, Bloomberg and the Financial Times together with professional publications such as Hedge Fund Review reinforces this interest, and I cannot stress enough that our selection by industry professionals as Europe\u2019s favourite hedge fund location is a significant milestone and achievement for the local industry, the result of several years\u2019 hard work.&#8221;\u00a0Farrugia concluded; \u201cMalta is becoming a destination of choice for individuals, assets and business and provides one of the highest quality lifestyles in the region.&#8221;<\/p>\n<p>The island of Malta is a small independent nation state in the centre of the Mediterranean, just 93 km South of Sicily (Italy) in Southern Europe. Malta is an island nation that consists of three islands: main island Malta, Gozo and Comino.\u00a0The country\u2019s official languages are Maltese and English. Malta\u2019s capital city is Valetta, which is centrally located on the island\u2019s North coast and has the island\u2019s largest harbor.<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; The financial services industry in Malta is nearing a \u20ac10 billion ($14.6 billion) milestone.\u00a0\u00a0It currently has \u20ac9.79 billion in net asset value spread across 620 hedge funds, 133 fiduciary licences, 28 international banks, 66 insurance operators, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16044,919,3],"tags":[],"class_list":["post-39801","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-strategies-2","category-hedge-fund-research","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=39801"}],"version-history":[{"count":5,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39801\/revisions"}],"predecessor-version":[{"id":39970,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39801\/revisions\/39970"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=39801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=39801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=39801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}