Cayman omitted from EU tax blacklist but Bermuda gets caught out
The EU has issued its list on non-cooperative tax jurisdictions. The Cayman Islands does not feature but Bermuda has been blacklisted for failing to make regulatory changes it had previously promised to make.
Aspect Capital launches new Cayman-domiciled fund
Aspect Capital (Aspect), a $6.9 billion systematic investment manager, has launched a new Cayman-domiciled fund that will provide investors with access to the Aspect Systematic Global Macro Programme.
Cayman Islands Investment Group launches digital coin exchange
Cayman Islands Investment Group (CIIG) has launched a new Digital Asset Trading Platform based in the Cayman Islands.
Global equity market rebound boosted funds in February
The Eurekahedge Hedge Fund Index gained 0.86 percent in February, supported by the global equity market which continued to rebound over a potential resolution of the US-China trade friction.
EU alt investment funds worth €4.9tr in 2017: ESMA
Alternative Investment Funds based in the EU was worth €4.9 trillion in 2017, as measured by Net Asset Value (NAV), according to The European Securities and Markets Authority (ESMA) first statistical report on the sector. That is nearly one third of the total EU fund industry.
Cayman remains top spot for offshore deal making
The Cayman Islands recorded 31% of all offshore M&A transactions and 26% of total deal value in 2018, maintaining its spot as the top jurisdiction for offshore deal making last year, according to a report released by offshore law firm Appleby.
CIMA opens applications for scholarship programme
The Cayman Islands Monetary Authority (CIMA) has opened applications for The Thomas Jefferson Memorial Scholarship.
Two thirds believe investing in innovation should be a priority
Two-thirds of alternative investment professionals believe that investing in innovation should be the top priority for CEOs and C-suite executives, according to the results of a survey by the Cayman Alternative Investment Summit (CAIS) at its sixth annual conference, which took place in February in the Cayman Islands.
US and UK bodies issue reassurance on derivatives trading post Brexit
The US Commodity Futures Trading Commission (CFTC) and the Bank of England, including the Prudential Regulation Authority (BoE) and the Financial Conduct Authority (FCA) have issued a statement regarding derivatives trading and clearing activities between the United Kingdom (UK) and United States (US) after the UK’s withdrawal from the European Union (EU).
New cybersecurity platform launched for asset managers
ThreatAware has launched a new software platform aimed at asset managers designed to allow directors with no specialist IT skills to monitor the whole of their cybersecurity.