Fast-growing offshore law firm Harneys has boosted its Cayman Islands funds offering by hiring a team from Appleby. Ian Gobin, one of the new partners, spoke to Cayman Funds about his goals and the opportunities he sees ahead.
Alternative structuring arrangements for funds are attracting attention as managers look to find ways to reduce entry costs and deliver cost savings to investors, as Jennifer Parsons of Mourant Ozannes describes.
A number of potential changes for fund directors in the Cayman Islands are being driven, among other things, by a global shift towards transparency. One consequence of this could be an increased use of independent directors physically based in Cayman, as David Roberts from Cayman Management tells Cayman Funds.
Whether you are an emerging manager, an established manager looking to grow or a large manager looking for greater efficiencies, today’s landscape of fund administrators offers many sound options. Michael Von Bevern, U.S. Bancorp Fund Services, summarises the important factors.
When a fund approaches its end, it makes sense to ensure that it is being operated in the optimal way. Michelle Morgan and Christopher Bodden of Harbour explain the options.
The Cayman Islands has successfully navigated a raft of almost constant regulatory change in the past decade. Geoff Ruddick at International Management Services spoke to Cayman Funds about the biggest changes in the environment and some of the challenges that remain.
Monette Windsor, managing director of MUFG Alternative Fund Services (Cayman), describes some of what happened when her previous company was acquired late last year and what others can expect when such a transaction takes place.
Cayman Funds magazine, in association with EY, invited a cross section of executives from government and the private sector to discuss the health of the funds industry in Cayman, the effect of more regulatory change and new initiatives and the changing diversity and talent in the sector.
The Cayman Islands Monetary Authority and the government of the Cayman Islands have continued to act prudently with appropriate legislation, internal reforms and technological enhancements to business processes to ensure the vitality of the funds sector, as Cindy Scotland, the authority’s managing director, reports.
As part of its strong core approach, Cayman recognises that innovative legislation and regulatory compliance is its muscle, and staying abreast of investor trends is its lifeblood, says Wayne Panton, Minister for Financial Services, Commerce and Environment.