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Hedge funds up in November but potential volatility ahead
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.
Cayman Finance completes two week promotional tour in Europe
Jude Scott, the CEO of Cayman Finance, completed a PR exercise in November designed to remind some key people in Europe of what he called the essential role Cayman Islands fulfils as a global financial hub connecting providers of investment capital and financing.
UK Overseas Territories Minister praises Cayman Islands
The new UK Overseas Territories Minister, Baroness Joyce Anelay, visited the Cayman Islands in October in her first official visit to a British territory since assuming her role in July.
Cayman remains top for offshore deals though activity slows
The Cayman Islands maintained its standing as the primary target of offshore M&A transactions in the first half of 2016, representing one third of all deals and accounting for 40 percent of total value, according to a report by law firm Appleby.
Collas Crill to merge with Farara Kerins extending the client offering of both firms
Collas Crill, an offshore law firm with offices in the Cayman Islands, will merge with British Virgin Islands (BVI) firm, Farara Kerins, effective January 1, 2016, extending the client offering of both firms.
Eden Rock acquires full ownership of ERG Asset Management
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 adds counsels and associates to its Cayman office
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.
Cayman Islands funds to invest in Italian securities if added to Italy's whitelist: Cayman Finance
Jude Scott, chief executive officer of Cayman Finance, has supported the inclusion of the Cayman Islands on Italy’s “whitelist”.
Cayman may have luxury of time if AIFMD passporting further delayed
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.
ESMA timing on AIFMD now difficult to predict
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.
