The report suggests firms can no longer ignore this emerging trend.
The strong performance of the global equity market boosted hedge funds in Q1.
The Caymanian is also a beneficiary of the Walkers Internship Programme.
The program will provide hands-on training to Caymanian articled clerks.
The appointee previously worked at the Mauritius Financial Services Commission.
The recruit has been involved in the Financial Services Industry for the last 16 years.
The recruit has acted as a director to Cayman Islands companies for more than 10 years.
The firm has also announced seven promotions to counsel.
The firm merged with local firm, Solomon Harris, in 2018.
It has completed 60 of 63 recommended actions for its AML regime.