The issue of how redemptions by a feeder fund from a master fund are treated in a liquidation scenario has prompted a great deal of discussion in the Cayman Islands, after a notable ruling from the Grand Court of the Cayman Islands, the world's biggest offshore fund centre, write Ronan Guilfoyle and Casey McDonald from fund governance firm Calderwood.
Ogier has promoted funds and corporate specialists Sophia Leavett and Praajakta Pargaonkar to senior associate in its Cayman team.
GRADA Tokenized Fund Administration (GTFA), a subsidiary of Global Risk and Data Authority, has selected the Titan Platform, delivered by Advanced Alternative Investment Systems, to service managers working on cryptocurrencies and initial coin offerings (ICOs).
Paradigm Governance Partners, which offers independent director services, distressed fund and value recovery services, family office outsourced financial reporting services and AML compliance services, has hired an experienced funds specialist from MUFG Investor Services.
Harneys unveiled a number of promotions to create five new partners and two new directors in the Cayman Islands, Cyprus and Hong Kong offices.
Hedge funds globally have allocated at least $59 billion to responsible investment (RI), according to a survey by the Alternative Investment Management Association (AIMA), the global representative of the alternative investment industry, and the Cayman Alternative Investment Summit (CAIS).
Mourant Governance Services has appointed Andrew Millar as its new head of corporate services in the Cayman Islands.
Some of the most senior men and women in the global hedge fund industry have put forward their collective vision of the hedge fund firm of the future in a major new report published today by the Alternative Investment Management Association (AIMA), the global representative of alternative investment managers.
Appleby has hired a former partner from Norton Rose Fulbright into its Dispute Resolution practice as a partner.
Escalating compliance costs and the need to hit the ground running with an infrastructure capable of attracting institutional investors are the biggest operational challenges for new fund launches in the current climate.