It featured the world’s first robot to be granted citizenship and actor Will Smith, but the big theme of the 2018 Cayman Alternative Investment Summit was the potential of technology, especially blockchain and cryptocurrencies, with delegates told to embrace the opportunities this can offer the sector. Cayman Funds reports.
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.
In the same way that the Cayman Islands has innovated to stay ahead of the curve in other areas, it must ensure that it leverages new technologies such as blockchain, writes Daniella Skotnicki from Harneys.
The regulatory tide is shifting in the Cayman Islands and one demonstration of this has been the AML Regulations, which detail guidance to the industry on the requirements to conduct customer due diligence, says Sharon Williams of US Bancorp Fund Services.
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.
Colin MacKay of the Alternative Investment Management Association, Cayman, offers his perspective on the latest developments and performance of the alternative investment sector in Cayman.
Cryptocurrencies, blockchain and similar financial technologies hold enormous potential for the Cayman Islands, and it can take a leadership position in how they are regulated. Jude Scott, chief executive officer of Cayman Finance, explains how the newly launched Cayman Finance Innovation Lab is seeking to set the pace for the rest of the world.
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.
With new co-chairs, a new brand and a new name, the Cayman location of the organisation now known as 100 Women in Finance is celebrating a very successful past year and looking forward to an even more successful 2017, says Michelle Morgan, chair of the Communications Committee of the 100WF Cayman location.
Two years since it was formed, the Cayman chapter of 100 Women in Hedge Funds is going from strength to strength. Membership numbers are hitting record levels, it has exceeded expectations in terms of education and philanthropy, and will formally incorporate peer leverage into its programme for 2015.