Recent statistics point to a steady growth in overall assets managed by Cayman-based funds and are a clear demonstration of the Cayman Islands’ continued prominent position as an important global financial services centre, according to Cindy Scotland of the Cayman Islands Monetary Authority.
The Cayman Islands government continues to review and enhance its funds regime to maintain its competitiveness, says the Hon Tara Rivers, JP, MLA, Minister for Financial Services and Home Affairs.
The Cayman Islands Directors Association, a rising force on the Cayman Islands for several years, celebrates its 10th anniversary in 2018. Cassandra Powell, its president, tells Cayman Funds about its achievements in 2017 and its plans for the year ahead.
2017 was a memorable year for 100WF Cayman as a new brand and new identity led to a surge in membership and record levels of charity fundraising. 2018 is set to be even better, says Michelle Morgan, chair of the Communications Committee of the 100WF Cayman Location.
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 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.
There have been a number of changes to Cayman Islands legislation in recent months and some have had an impact on Cayman-based private equity funds. Jennifer Reilly of Campbells navigates the situation from a private equity perspective.
Cayman’s anti-money laundering regime has been updated to take into account the recommendations of the Financial Action Task Force. Sailaja Alla at Appleby explains the implications of the changes.
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.
Cayman has the opportunity to become a world leader in cryptocurrencies and associated technologies such as blockchain, says JS de Jager at Cayman Management, who argues to Cayman Funds that this burgeoning sector is no bubble.