Millions of pounds from the Queen’s private estate has been invested in a Cayman Islands fund as part of an offshore portfolio that has never before been disclosed, according to documents revealed in an investigation into offshore tax havens. Managers from Dover Street set out what cash they needed and where they had been putting it on behalf of investors. “The Dover Street investment was bought in 2005 and forms only 0.3 per cent of the total value of the duchy. The duchy investment in BrightHouse is through a third party and equates to £3,208,” it said. “We are not aware of any tax advantages to the duchy in investing in offshore funds.

Source: thestar November 05, 2017 21:22 UTC