Hedge funds industry needs to be wary of corruption everywhere
The perils of corruption was a big talking point at GAIM Ops Cayman, a conference covering the hedge funds sector, which is taking place at the Ritz Carlton on Grand Cayman this week.
Ogier Cayman promotes within Corporate & Finance practice
Law firm Ogier Cayman has promoted of specialist finance lawyer Mark Santangeli to managing associate within the firm’s Corporate & Finance practice.
Campbells recruits three senior associates into litigation group
Law firm Campbells has recruited three new lawyers into its Litigation, Insolvency & Restructuring Group.
Gategroup rejects shareholders attempts at board changes
RBR Capital Advisors and Camox Master Fund, two hedge funds based in the Cayman Islands and Luxembourg that together hold an 11.3 percent stake in travel services company gategroup, have informed the board of directors of gategroup that they will be seeking the election of two new board members.
GIB UK’s emerging market fund achieves strong returns
The Gulf International Bank’s (GIB) Insurance Broking Group UK has announced that its Cayman-based Emerging Markets Opportunities Fund (EMOF) achieved a net return of 6.11 percent in 2015.
CISPA to hold Cayman Islands Business Update
The Cayman Islands Society of Professional Accountants (CISPA) will hold a Cayman Islands Business Environment Update in May, which may be helpful to some working in the funds sector.
FSD holds ceremony to recognise ‘pioneering judge’
Justice Angus Foster, a judge in the Financial Services Division (FSD) of the Grand Court of Cayman, was recognised last week for his “significant contributions to the administration of justice” in a ceremony hosted by Governor Helen Kilpatrick.
Decision on AIFMD passport should be made by June 30
The Cayman Islands Monetary Authority (CIMA) has said it is confident the European Securities and Markets Authority (ESMA) would complete its assessment of a second wave of nations for inclusion into the AIFMD passport system by June 30.
Hedge Fund Association welcomes US clarity on ‘accredited investors’
The Hedge Fund Association (HFA) has welcomed the passing of the Fair Investment Opportunities for Professional Experts Act by the US House of Representatives in a move the body said incorporates the addition of a knowledge and education-based category of accredited investors.
New OECD framework will allow more countries to influence international tax rules
The OECD has agreed a new framework that would allow all interested countries and jurisdictions to join in efforts to update international tax rules. The proposal for broadening participation in the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project will be presented to G20 Finance Ministers this week (on 26-27 February) in Shanghai, China.
