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.
Good ESG is now a differentiator for investors
It’s not all about performance anymore for hedge funds. For attendees at GAIM Ops Cayman, which is taking place this week at the Ritz-Carlton in Grand Cayman, Environmental Social Governance (ESG) is now one of the hottest topics.
Comply with new anti-money laundering regulations or face penalties - Trident Trust serves a timely reminder to Cayman Funds
Trident Trust, the independent corporate, fiduciary and fund administrator, is reminding Cayman Islands-domiciled funds – including private equity funds – that they could face fines of up to CI$500,000 and, in some cases, imprisonment for two years, if they fail to comply with updated anti-money laundering regulations, which were introduced in October 2017.
Conyers expands corporate practice in Cayman with partner hire
Conyers Dill & Pearman has appointed Derek Stenson as a partner in its Cayman Islands Corporate practice.
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’.
Cayman climbs Global Financial Centres Index ranking
The twenty-third edition of the Global Financial Centres Index (GFCI 23) has ranked the Cayman Islands among top 25 best financial centres in the world, one of only four such jurisdictions from outside the G20.
Appleby promotes two to partner, one to counsel
Samuel Banks, who began his legal career as a Cayman Islands Appleby scholarship recipient before joining the articled clerk programme, has been made a partner of the firm.
AIMA publishes guidance for valuing investments
The Alternative Investment Management Association (AIMA), the global representative of alternative investment managers, and its private credit affiliate, the Alternative Credit Council (ACC), have published new guidance for fund managers in valuing their investments.
Deloitte promotes two to partner
Deloitte has promoted Laurie Mernett (Audit & Assurance) and Jon Treadway (Tax) to partner in the Cayman Islands office.
100WF raises over $50K at its Barefoot Beach Gala
100 Women in Finance (100WF), a non-profit organisation for professionals in the finance and alternative investment industries, raised more than $52,000 at its recent Barefoot Beach Gala.
