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.
The Department for International Tax Cooperation (DITC) has advised Cayman Islands financial institutions that the notification deadline for US FATCA and the Common Reporting Standard for the calendar year 2016 has been extended to 31 July 2017.
Regardless of political affiliation or personal feelings about him, Donald Trump’s influence on US politics may be compared to the disruptive impact Uber has had on private taxi firms, according to Pippa Malmgren, an American policy analyst, speaking at the Cayman Alternative Investment Summit (CAIS), which is taking place in the Cayman Islands this week.
Hedge funds were up 0.48% during the month of November, with 2016 year-to-date returns coming in at 3.60%, according to the Eurekahedge Hedge Fund Index.
Offshore law firm, Campbells, will be hosting its annual conference with updates on the Cayman Islands fund industry.
Maitland, which provides legal and tax advisory services to private and corporate clients and has an office on the Cayman Islands, has launched offices in New York and Miami, US, and will move some staff from Cayman to Halifax, Nova Scotia, in the coming months as part of a restructuring.
JP Integra Group, a specialist financial services firm headquartered in the Cayman Islands, has expanded the firm’s offering to target the private capital sector, made several important hires and has established a presence in the US market, Phil Griffiths, group director, JP Integra, told Cayman Funds Magazine.
Jude Scott, chief executive officer of Cayman Finance, has supported the inclusion of the Cayman Islands on Italy’s “whitelist”.
The introduction of the Cayman Islands’ Limited Liability Companies Law, 2016, which came into force in mid-July, has been broadly welcomed by the island’s financial services and legal community.
The Cayman Islands Monetary Authority (CIMA), in partnership with the Royal Cayman Islands Police Service’s (RCIPS) financial crimes unit (FCU) and the Cayman Islands Chamber of Commerce, will host a high level fraud detection and prevention seminar from 3 – 4 November 2015.