Following careful due diligence and best selection practices when choosing a fund administrator is most likely to result in a good partnership, says Bob Kern of U.S. Bancorp Fund Services.
The Cayman Islands continues to be one of the top 10 international financial centres in the world. A modern, flexible, yet robust regulatory framework, and collaboration with relevant stakeholders will help it maintain this position, says Cindy Scotland, managing director of the Cayman Islands Monetary Authority.
The Cayman Islands holds a leadership position in the funds sector—but to maintain this will require adaptability and innovation, says The Honourable Tara Rivers, JP, MLA, Minister for Financial Services and Home Affairs.
While Arnold Schwarzenegger provided the draw to the Cayman Alternative Investment Summit, the 500 attendees offered substance and some fascinating insights into the health of the funds industry globally, its drivers and future direction. Cayman Funds was there.
The Cayman Islands Funds Administrators Association has played an important role acting as an intermediary between administrators and the government during the transition to new regulatory regimes such as FATCA, as its chairman Daniel Allard explains to Cayman Funds.
The Cayman Islands remains the heart of the offshore hedge funds world, and it is well positioned to remain there even in a future driven by technology including artificial intelligence, Ingrid Pierce, global managing partner at Walkers, tells Cayman Funds.
The funds industry continues to innovate and embrace change as it keeps pace with increasingly dynamic investment markets and global economic uncertainty. All this plus the implications of economic substance regulations were among the topics discussed by a panel of experts at a roundtable hosted by EY.
Hedge fund managers have been focusing on differentiation in order to be competitive, attract the right investor base and stay in the game. Managers are having to adapt to the increasing demands and expectations of investors, as Georgia Prinsloo of Global Funds Management explains.
In this fast-changing world of technological advancements and regulatory developments, the role of the fund administrator is ever-evolving—but client service is still the key, as Susan Levy-Elliott from Cayman National Fund Services explores.
The dynamic landscape that is the Cayman funds sector with all its opportunities and challenges was debated by a panel of executives and politicians at the annual Cayman Funds roundtable hosted by EY. Regulatory changes, competition and the potential of cryptocurrencies were hot topics.