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Investment firm LOM’s new emerging-markets fund is off to a strong start. The fund, which started in January, earlier this month hit a 6.5 per cent investment return. The fund is designed to invest more in emerging market sectors leveraged to an incr...

Bermuda’s Irish residents are to mark the 100th anniversary of the 1916 Easter Rising against British rule in Ireland with a special gala dinner. The event will also commemorate the Irish contribution at the start of the Battle of the Somme at about...

Cleaner and cheaper liquefied natural gas could be powering Bermuda inside four years, a report has revealed. Consultants Castalia said that electricity generation in Bermuda could be switched over to LNG by 2020 with a pricetag of between $258 milli...

The first 35 luxury villas and a marina capable of berthing superyachts will be ready for the America’s Cup next year, Morgan’s Point chief Craig Christensen said last night. Mr Christensen, the chairman and chief executive officer of Morgan’s Point ...

A Bermudian entrepreneur has been published in the prestigious Harvard Business Review Christie Hunter Arscott’s article centred around research she conducted for the International Consortium for Executive Development Research, which showed a major d...

Butterfield Bank has set aside $4.8 million to pay potential fines as a result of a US investigation into tax evasion. And the bank’s financial report for last year said that any fines levied on the bank could be even higher. The report said: “Manage...

Appleby Fiduciary Business yesterday unveiled four new client directors in Bermuda. The four — James Bodi, Janita Burke, Sarah Demerling and Alison Dyer-Fagundo — all joined the business from Bermuda law firm Appleby in January. AFB was the subject o...

A predicted weakening of the US dollar will hit Bermuda’s buying power, a bank currency expert said yesterday. Daragh Maher, head of foreign exchange strategy at global bank HSBC, said: “The last couple of years, the US dollar has been stronger than ...

Managers are to celebrate Administrative Professionals Day next month with a day-long event designed to boost success on the job. The “Succeeding Professionally, Growing Personally” seminar will feature both international and local speakers. Barbara ...

The public sector has to redefine itself, work better with business and improve its measures of success, according to business leaders around the world. The survey by professional services firm PwC found that governments and regulators were second on...