Technology is changing the world but the alternative investments sector is well positioned to leverage this technology and thrive on the change it will bring.
The attributes that have made the Cayman Islands so attractive to the financial services sector – and the alternative investment space in particular – over the years will also ensure its relevance to the burgeoning financial technology space, the Hon. Alden McLaughlin, Premier of the Cayman Islands, told delegates at the 2018 Cayman Alternative Investment Summit.
Digital disruption is changing industries, businesses and operating models driven by three intertwined forces: the falling cost of technology, the availability of data and cloud computing and the emergence of artificial intelligence.
Bitcoin is here to stay, will increase in value and become increasingly important to the global financial system, Mark Yusko, CEO and CIO, Morgan Creek Capital Management, told delegates at the 2018 Cayman Alternative Investment Summit in a presentation called: Alternative Investments: predictions for a digital age.
The world has entered a new ‘information’ age and the pace of change means it is increasingly hard to predict the future. But Maurice Conti, chief innovation officer, Alpha, which is billed as Europe's first moonshot factory, believes the future will revolve around ways in which the natural capabilities of humans are augmented by technology.
‘Don’t fall in love’ – was one of the key messages from panelists on a session called ‘Over 100 years investing in hedge funds – what we can learn for the future?’, held at the 2018 Cayman Alternative Investment Summit, which was chaired by Peter Fletcher, managing director, PHF Capital.
Implementing a strategy that allows funds to invest responsibly and defines what this means for different funds and investors will only become more commonplace in the future, with a growing number of funds acknowledging that investors are asking them if they can report on this element of their activities.
While the total number of funds domiciled in the Cayman Islands decreased slightly between 2015 and 2016, net assets under management increased as a result of asset appreciation. In 2016, the Cayman Islands maintained its position as the most popular destination for net asset value (NAV) calculation services.
EY Cayman has added a new partner. LaNishka Farrington-McSweeney has more than 17 years of audit and assurance experience in the financial services industry, including extensive expertise in the banking sector, anti-money laundering and regulatory issues.
The Alternative Investment Management Association (AIMA), the global representative of alternative investment managers, has signed a Memorandum of Understanding (MoU) with the Insurance Asset Management Association of China (IAMAC), a self-regulatory organisation for China’s national insurance asset management industry.