Cayman Islands most popular destination for offshore assets
The Cayman Islands has ranked as the most popular destination for investors seeking to acquire offshore assets for the past four years, according to a new report released by law firm Appleby.
Cayman Finance welcomes discussions on Beneficial Ownership with the UK
Cayman Finance has welcomed the news that further positive discussions on Cayman’s beneficial ownership regime took place on 23 February 2016 between representatives from the UK’s Foreign and Commonwealth Office (FCO) and National Crime Agency (NCA) and the Cayman Islands Government.
CISPA to discuss name change at general meeting
The Cayman Islands Society of Professional Accountants (CISPA) is considering changing its name to the Cayman Islands Institute of Professional Accountants (CIIPA).
100WHF reveals its 2016 Cayman beneficiary
100 Women in Hedge Funds (100WHF) has announced that Big Brothers Big Sisters Cayman (BBBS) has been designated as its 2016 Cayman Beneficiary.
CIMA openly chastises fund directors for failing to file accounts
The Cayman Islands Monetary Authority (CIMA) has written an open letter to the directors of the Azure Energy Fund in which it states the firm has not submitted audited accounts for the years 2003 to 2008 or paid annual fees and penalties for the years 2008 to 2016.
Forget the spin: making the most of due diligence meetings
Managers facing due diligence meeting requests from potential investors should consider the ways they can differentiate themselves and set a tight agenda, said investor panellists at the GAIM Ops Cayman meeting taking place this week.
Successful emerging managers watch the dollars—and value admin support
Managing revenue and understanding the budget during a start-up is vital because every dollar you spend is money taken away from the business that could be spent better elsewhere, said the emerging managers panel at GAIM Ops Cayman, which is taking place this week.
Regulators look at cyber security
The regulatory panel at GAIM Ops Cayman 2016, taking place at the Ritz Carlton on Grand Cayman this week, devoted a significant amount of attention to the complexities of reporting a cyber attack and the challenge presented by the Foreign Corrupt Practices Act.
Co-mingled hedge funds retain market attraction
A discussion about the issue of sustainable future growth at GAIM Ops Cayman began with a bullish prediction that industry AUM would be $4.5 trillion by the end of 2020. A panel of managers and advisors debated where the next $2 trillion of assets is going to come from, and whether the co-mingled fund is going to be an endangered species.
Hedge funds industry split on future growth prospects
Hedge fund professionals are divided on the prospect of future growth in assets. Asked whether hedge fund assets will increase, 54 percent of delegates at GAIM Ops Cayman 2016, which is taking place at the Ritz Carlton on Grand Cayman this week, said they expect the industry to consolidate going forward, while 46 percent thought assets would rise.
