A word from the Ministry of Finance
Since enacting the Mutual Funds Law in 1993, the Cayman Islands has become the preeminent jurisdiction for hedge funds—in fact, there is strong indication from industry sources that up to 75 percent of all hedge funds are domiciled and registered in Cayman. And with the passage of a legislative amendment that responds positively to the EU Alternative Investment Fund Managers Directive (AIFMD), and a decision made in relation to the US Foreign Account Tax Compliance Act (FATCA), the jurisdiction is poised to continue its leadership in this sector.
Cayman hedge funds sector maintains global edge
With more than 10,841 hedge funds domiciled in the Cayman Islands at the end of 2012, it is clear the jurisdiction’s dominance as a leader in the hedge funds arena will be around for some time.
Cayman funds roundtable: where are we now?
The Cayman Islands funds industry remains in good health, but there are still challenges that must be faced. Cayman Funds invited industry leaders to Ernst & Young’s offices on the Island to discuss the major issues.
Changing times in Cayman: the latest developments
There are various new laws and regulations affecting Cayman, both internal and overseas. Cayman Funds looks at the implications.
The AIFMD: an overview
Compliance with the requirements of the upcoming AIFMD depends on several factors, including the location of the fund and its investors. Karine Seguin sets out the rules for Cayman-based funds.
100WHF comes to Cayman
Two global firms, Maples and Calder and Deloitte, joined forces in 2012 with a plan to make the Cayman Islands the next official location of the international association, 100 Women in Hedge Funds, and now the plan has come to fruition, as Nicola Stradling and Odette Samson report.
Ernst & Young Annual Hedge Fund Symposium: global leaders survey the industry
Ernst & Young’s Annual Hedge Fund Symposium in the Cayman Islands provided lively discussion on key issues affecting the industry.
Independent directors: considerations and queries
Picking the right independent director is not as simple as you might think. Geoff Ruddick takes a look at the key things to consider.
A new world: IRFS for investment entities
Ben Leung and Rennie Khan take a look at the impact of industry-specific guidance for investment entities globally.
Timing is everything: the use of ‘synthetic side pockets’
The FIA Leveraged Fund ruling provides solid legal guidance to what considerations investment managers and fund directors need to make when considering the making of an in specie distribution to a fund’s investors, as Marc Parrott and Guy Cowan report.
