Island of low-cost opportunity

Country focus: malta

Malta may have earned its name in the 16th century as a fortress against Ottoman attackers, but it is now welcoming foreigners, including an increasing number of hedge fund managers setting up locally authorised portfolios there.

Firms such as CTA manager Michael N Trading and the Czech Vlatava fund have domiciled operations or funds there, and lower fees for service provision from the local branches of firms such as PricewaterhouseCoopers, or KPMG, custodians and administrators can be appealing

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