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.
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.
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.
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.
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 quality and depth of experience among directors separates the Cayman Islands from other fund domiciles, and that’s what counts, says Ronan Guilfoyle of Calderwood.
Fund directors of investment funds domiciled in the Cayman Islands are mandated to oversee the risk management of the funds to which they are appointed. Isatou Smith and Masao Matsuda of Lainston outline the advantages.