Ogier has promoted funds and corporate specialists Sophia Leavett and Praajakta Pargaonkar to senior associate in its Cayman team.
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.
The dichotomy of appealing to a wider population of investors and satisfying the demands of clients that want bespoke products is just part of the challenge for hedge fund managers and was discussed at length on Day One of GAIM Ops Cayman, which is taking place this week at the Ritz-Carlton in Grand Cayman.
It’s not all about performance anymore for hedge funds. For attendees at GAIM Ops Cayman, which is taking place this week at the Ritz-Carlton in Grand Cayman, Environmental Social Governance (ESG) is now one of the hottest topics.
Hedge funds started the year up 2.20 percent in January with managers reporting performance-based gains of $20.3 billion while investor subscriptions stood at $21.7 billion at the start of the year, according to the Eurekahedge Billion Dollar Hedge Fund Index.
While the total number of funds domiciled in the Cayman Islands decreased slightly between 2015 and 2016, net assets under management increased as a result of asset appreciation. In 2016, the Cayman Islands maintained its position as the most popular destination for net asset value (NAV) calculation services.
Estera, a provider of offshore fiduciary and administration services, has appointed Brad Stephenson to its Cayman Islands office as team manager in the company’s fund services business.
Formula Growth, a Montreal-based hedge fund with total assets under management of around C$1.2 billion, is starting another fund focused on small and mid-sized US stocks that will be based in the Cayman Islands.
Hedge funds attracted net capital inflows of nearly $20 billion in the first quarter of this year, according to research from Preqin, reversing five straight quarters of net outflows and pushing total industry AUM to $3.35 trillion.
Azabu Value Partners (Cayman) has launched a new Japan-focused fundamental equity long/short strategy under the umbrella of Rogers Investment Advisors KK.