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Confidence amid regulatory challenges
Solid leadership
Although the global financial landscape is changing rapidly, Cayman is in a better position than ever to respond and continue to attract sound business, says the Hon Wayne Panton, Minister of Financial Services, Commerce and Environment.
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.
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.
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.
Incentives for insurers
Richard Munday examines how international businesses are domiciling in Cayman to take advantage of the light-touch regulation, tax-neutral jurisdiction and mature information and communications technology infrastructure.
