Cayman top target destination for deals: Appleby
The Cayman Islands were the top target destination for deals the second quarter of 2014, with 205 deals worth a total of $40.6 billion and accounting for 32 percent of all offshore deals.
Carey Group achieves a world first for listing agent
Carey Group has become the first listing agent in the world not based in the Cayman Islands to become a Cayman Islands Stock Exchange (CSX) listing agent.
Mutual Funds Law fees set to be removed
Proposed amendments to the Mutual Funds Law would remove the fee charged to specific types of fund administrators who do not live on the Cayman Islands.
Court utilises scheme of arrangement flexibility
In a recent decision, the Grand Court of Cayman demonstrated a flexible use of the scheme of arrangement to allow a commercial resolution of an application from the SPhinX Group, according to a note by law firm Maples and Calder.
FCA should ‘practice what they preach’
Cayman Finance, the organisation representing the financial services industry in the Cayman Islands, has criticised the UK Financial Conduct Authority for including the Cayman Islands in its list of jurisdictions considered to be high risk for illicit flows of money.
AIMA publishes ‘The Case for Hedge Funds’
The Alternative Investment Management Association (AIMA), the global hedge fund industry body, has published a booklet aimed at demonstrating the value of the world’s hedge fund industry.
Bermuda targets hedge fund growth with hires
The Bermuda Business Development Agency has made a string of appointments in a bid to attract more hedge funds, including hiring of a former Citigroup head-fund services executive.
Company incorporations up 5%: Appleby
The number of new company incorporations in the Cayman Islands increased 5 percent in 2013 when compared to the previous year, with the 9,433 new companies making up 10 percent of the jurisdiction’s registry,
New platform should speed CIMA processes
The Cayman Islands Monetary Authority (CIMA) has implemented a new software platform that it says will streamline the collection and analysis of prudential returns and entitlements data submitted by the entities it regulates including hedge funds.
CIMA appoints deputy MD
Cayman Islands Monetary Authority (CIMA) has appointed Anna McLean as deputy managing director – supervision. The appointment is effective 1 October 2014.
