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CIMA urges industry to ignore “baseless rumours” on EU passporting regime
The Cayman Islands Monetary Authority (CIMA) has moved to reassure the Cayman funds industry over uncertainty around whether Cayman Islands funds will be allowed to continue being marketed in EU countries under a passporting regime for non-EU funds.
Bermuda asset manager launches Cayman trust busines
Asset administrator Mitsubishi UFJ Fund Services (Mitsubishi UFJ) has launched its Cayman Islands trustee services.
Trustee seeks agreement with Senator Fund
Irving H Picard, trustee for the liquidation of Bernard L Madoff Investment Securities (BLMIS), is seeking approval for a recovery agreement with a Cayman investment fund.
Maples Fund Services launches in Boston
Fund services provider Maples Fund Services has opened an office in Boston as it seeks to expand its North American presence.
Highwater hires former CIMA head
Highwater, the Cayman Islands-based boutique corporate governance services firm, has hired Yolanda Banks McCoy, the former head of the investments and securities division of the Cayman Islands Monetary Authority (CIMA).
JTC Group secures licence in Cayman
JTC Group, a provider of corporate, fund and private client services, has been granted a licence to offer its full range of services in the Cayman Islands.
AIMA publishes ‘The Case for Hedge Funds’
The Alternative Investment Management Association (AIMA), the global hedge fund industry body, has published a booklet aimed at demonstrating the value of the world’s hedge fund industry.
DMS’ regulatory advisory services win plaudits
For the second time this year, DMS Offshore Investment Services (DMS), the world’s largest fund governance firm, has collected an industry award for its regulatory advisory services.
India’s regulator investigates Cayman fund
India’s market regulator, the Securities & Exchange Board of India (Sebi), has stopped a hedge fund based in the Cayman Islands from dealing in local securities pending an insider trading probe.
Facts dispel corporate tax evasion myth
The idea that companies are using jurisdictions such as the Cayman Islands to pay less tax is misleading and the facts do not support the headlines.