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Grant Thornton raises money for charities at golf day
The proceeds were split between the Cayman Islands Humane Society and other good causes.
Millennial investors drive demand for ESG investments: CAIS 19
Investors increasingly want their investment managers to embrace environmental, social and governance (ESG) standards in the way but exactly what this means and how it should be applied is still inconsistent, a panel of experts told delegates at the annual Cayman Alternative Investment Summit (CAIS), being held in Grand Cayman this week.
Hedge funds allocate $59bn to responsible investment globally
Hedge funds globally have allocated at least $59 billion to responsible investment (RI), according to a survey by the Alternative Investment Management Association (AIMA), the global representative of the alternative investment industry, and the Cayman Alternative Investment Summit (CAIS).
Think big from day 1
Escalating compliance costs and the need to hit the ground running with an infrastructure capable of attracting institutional investors are the biggest operational challenges for new fund launches in the current climate.
Independent directors still uncomfortable with cryptocurrency funds
Cryptocurrency funds and initial coin offerings (ICOs) are exploding in popularity in the Cayman Islands. The GAIM Ops Cayman conference, which is taking place this week at the Ritz-Carlton in Grand Cayman, devoted a significant amount of time on the agenda to this hot market, but for independent directors looking to get comfortable with these funds, there is still a great deal of work to do and some big questions to answer.
AIMA publishes paper on impact of Brexit on alternative managers
The Alternative Investment Management Association (AIMA), the global representative of alternative asset managers, has published a position paper entitled ‘Brexit and Alternative Asset Managers: Managing the Impact’.
Butterfield completes acquisition of Deutsche Bank’s non-US trust business
Butterfield has completed its acquisition of Deutsche Bank’s Global Trust Solutions business outside of the US. The portfolio consists of some 1,000 trust structures for approximately 900 clients.
AIMA signs MoU with China asset management body
The Alternative Investment Management Association (AIMA), the global representative of alternative investment managers, has signed a Memorandum of Understanding (MoU) with the Insurance Asset Management Association of China (IAMAC), a self-regulatory organisation for China’s national insurance asset management industry.
Hedge funds globally on track for 12 consecutive months of gains
Hedge funds globally were up 0.24 percent during the month of November, with 2017 year-to-date returns coming in at 7.19 percent. What’s more, they are on track to post 12 consecutive months of gains in an annual year for the first time on record since 1999, according to the Eurekahedge Hedge Fund Index.
Global alternative assets under management swell to almost $6.5tr
The world’s largest 100 alternative asset managers saw assets under management increase by 10 percent in 2016, rising to $4 trillion, according to the 2017 edition of Willis Towers Watson’s Global Alternatives Survey.
