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 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.
Increased regulation and global complexity has prompted PwC to increase the size and depth of its team specialising in the area of tax advice and compliance in the Cayman Islands and Bermuda.
A number of recent developments in the private equity market may serve to challenge the traditional notion that independent governance in the sector is not needed, says Simon Thomas of Campbells.
As investors continue to increase their demands on fund managers, both sides are focused on the level and structure of fees. Philip Dickie and Christopher Bodden from Harbour examine the pressures and how fund managers are adjusting to them.
While Cayman remains the offshore domicile of choice, it is seeing a different type of start-up driven by higher costs and regulatory hurdles, as Rick Gorter and Dan Smith from Trident Fund Services explain to Cayman Funds.
In its annual roundtable hosted by EY, Cayman Funds invited a dozen hedge funds specialists representing a variety of skillsets to offer their perspectives on the most pressing topics affecting the sector.