Eden Rock, an investment advisory firm owned by Eden Rock Group, has purchased Gottex’s stake in ERG Asset Management meaning the firm is now wholly owned by Eden Rock.
Harneys has hired three counsel and seven litigation lawyers across Singapore, Cayman and BVI offices. It has also relocated a senior funds associate to its London team.
Jude Scott, chief executive officer of Cayman Finance, has supported the inclusion of the Cayman Islands on Italy’s “whitelist”.
The Cayman Islands are a good distance along the path to a positive assessment from the European Securities Markets Authority (ESMA) on whether to extend the alternative investment fund managers' directive (AIFMD) passport to its investment fund managers and investment funds – and may also have the luxury of time, according to law firm Mourant Ozannes.
The nature of the delay by the European Securities Markets Authority (ESMA) on whether to extend the alternative investment fund managers' directive (AIFMD) passport to investment fund managers and investment funds based in 12 non-EU countries including the Cayman Islands means uncertainty around the timing of the final decision, according to Walkers.
Cayman Finance, the promotional body for the Cayman Islands financial services industry, has said it hopes the European Securities and Markets Authority (ESMA) will be able to hasten its decision on granting third country passport to Cayman Islands Alternative Investment Fund managers and a decision can be made in a shorter time period than ESMA has suggested.
Jude Scott, chief executive officer (CEO) of Cayman Finance, has said that the Cayman Islands is in a strong position following the UK’s decision to leave the European Union.
The Hedge Fund Standards Board (HFSB) has appointed Clint Carlson as the newest member of its board
The Cayman Islands Monetary Authority (CIMA) has said it is confident the European Securities and Markets Authority (ESMA) would complete its assessment of a second wave of nations for inclusion into the AIFMD passport system by June 30.
The fallout from the bear market in commodities will likely extend to the insolvency of at least one European bank, while growth will rebound in key emerging markets, according to some “surprise predictions for 2016” from Morgan Creek Capital Management founder Mark Yusko, speaking at the Cayman Alternative Investment Summit, which has been taking place in Grand Cayman this week (February 4-5).