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.
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.
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.
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.
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.
As hedge funds increasingly explore investment in less liquid asset classes such as private credit, private equity and infrastructure, Daniella Skotnicki of Harneys examines some of the challenges this presents.
The Hedge Funds Care Cayman charity raises money and spends it in the form of grants to child abuse prevention and treatment programmes located in the Cayman Islands. Cindy Hislop and Baron Jacob, board members of Hedge Funds Care Cayman, discuss its successes in 2018 and plans for this year.