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Cayman sends delegation to RIMS
A 30-strong delegation from the Cayman Islands is attending the annual Risk and Insurance Management Society (RIMS) conference in New Orleans.
RBC confirms it will exit the Caribbean
The Royal Bank of Canada (RBC) has confirmed that it will exit most of its wealth management operations in the Caribbean, including its captive business.
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.
Hedge funds globally gain $5.5bn in August
Hedge funds were up 1.36 percent in August with performance-based gains of approximately $5.5 billion, according to data provider Eurekahedge.
CLO market thrives as investors seek transparency
The total value of US-based collateralised loan obligations priced in the first half of 2014 was at its highest level in recent years, surpassing the total for the last half of 2013 by $22 billion, according to Appleby.
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.
Business leaders blast US tax haven tag
Business leaders on the Cayman Islands have blasted comments made by two US watchdog groups that label the Cayman Islands a tax haven.
Three executives plead guilty over funds fraud
Three executives at Connecticut hedge fund New Stream Capital have pleaded guilty in federal court to charges they misled clients in relation to Cayman Islands-based funds to keep the firm’s largest investor.
Cayman Government moves towards FATCA timeframe
The Cayman Islands Government expects to announce the timeframe for the signing of intergovernmental agreements (IGA) with both the US and the UK on FATCA in the near future.
Athena expands its reach to New York
Athena International Management, an independent directorship services provider in the Cayman Islands, has expanded its team and its geographic reach to include New York. Daniel Strachman, a financial services expert with more than 17 years of Wall Street experience, has joined Athena to provide corporate governance services to the alternative investment fund industry.
