Search results for : Investments Funds
August 08, 2023
Bahamas Investment Fund's net asset value up almost 30%
The net asset value of the Bahamas Investment Fund (BIF) has increased by 29.68 percent, investment management and advisory firm CFAL revealed on Friday. Investors in the Nassau Cruise Port received an email last week explaining their investment's outlook improved from $5 at the time of their initial investment to $6.484. The net asset value ...
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August 01, 2023
Central Bank: Increased demand for overseas investment funding
NASSAU, BAHAMAS — Central Bank Governor John Rolle said yesterday that the regulator believes that additional refinements are now needed to sustain more retail investor access to overseas investment funding, noting that the demand for investment currency in particular has accelerated. Governor Rolle while speaking at a press briefing on the regulator's Monthly Economic and [...]
June 16, 2023
PM, Pintard go back and forth on national investment fund
Responding to concerns raised by Opposition Leader Michael Pintard about how the country's natural assets will be managed under the newly established national investment fund, Prime Minister Philip Davis said the idea that Bahamian citizens would be paid dividends from the selling of blue or green carbon credits, if at all, is many years away.
December 16, 2022
AG outlines funds proposed under investment funds bill
Detailing the three funds and three additional sub-funds that are provided for under the National Investment Fund Bill, 2022, Attorney General Ryan Pinder said yesterday the framework established will not only provide for the proper and transparent management of the country's natural resources, but also support the country's development needs. The bill repeals and replaces ...
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December 13, 2022
Cooper hails 'transformational' National Investment Funds Bill
ACTING Prime Minister Chester Cooper yesterday hailed the National Investment Funds Bill 2022 as a "transformational" piece of legislation that will lay the foundation for public sector investing and reinvestment in support of the country's national development goals.
December 13, 2022
New legislation to establish nat'l investment funds and sub-funds
Parliamentarians debated new legislation yesterday that would establish one or more national investment funds and sub-funds, while ensuring that investments and private share holdings of the government are managed professionally for the long-term benefit of the Bahamian people. Noting that it has the capacity over time to ease the pressure on sovereign debt and improve The ...
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Concerns over National Investment Funds Bill
November 10, 2022
Concerns over National Investment Funds Bill
Dear Editor, The Bahamas Natural Resources Foundation (BNRF) since its inception in 2018 has advocated for the establishment of a natural resource-based Sovereign Wealth Fund (SWF). Such a fund, merged with legislation for proper utilization of the country's natural resources, would allow the wealth derived from the extraction of resources to be available for national ...
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Investment fund 'to meet goals'
October 27, 2022
Investment fund 'to meet goals'
PRIME Minister Philip "Brave" Davis said yesterday the National Investment Fund Bill paves the way for a new framework that moves the country toward crucial national development goals.
New Investment Fund Bill, Mining Bill in the works
August 12, 2022
New Investment Fund Bill, Mining Bill in the works
The government intends to soon table legislation for the creation of a framework to manage the government's private share holdings, Attorney General Ryan Pinder said yesterday. Pinder said a new Investment Fund Bill will allow for the professional management of government holdings in numerous private companies, as well as lay out a framework for the ...
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Investment fund assets up to $50 billion
July 19, 2022
Investment fund assets up to $50 billion
Investment fund assets grew to $50 billion in value during 2021 despite a net decrease in funds during the year, the Securities Commission of The Bahamas Annual Report for 2021 has revealed. It's a slight 0.6 percent increase from the previous year but shows sustained growth. "The commission licenses investment funds in The Bahamas that invest in ...
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