In a move that will interest many working in the Cayman funds sector, Bermuda is ramping up its efforts to attract more funds business by holding a major conference covering the market in September.
Radius Financial Education, with support from the Bermuda Business Development Agency (BDA), will host the first annual World Alternative Investment Summit Bermuda (WAIS Bermuda), to which 250 asset management professionals and investors are expected to attend.
The BDA has identified the asset management sector as a potential growth sector by the BDA, partly because of the natural links between this market and the burgeoning ILS sector and the rise of hedge fund-backed reinsurers on the island.
The event is slated for September 28-30, and will be held at the Fairmount Southampton Resort, Bermuda.
The WAIS Bermuda event is aiming at bringing together investment and business experts to network and share insights and ideas around the global alternative investment industry.
Among the delegates include asset managers, institutional and high-net-worth investors, hedge funds, family offices, banks, legal and accounting firms, and fund administrators.
“Hosting this conference in Bermuda will further enhance growth in the asset management sector here, as well as to boost the island’s corporate tourism,” said Ross Webber, chief executive officer, BDA.
“Bermuda’s world-respected fund business is strong and growing, and events such as this one help heighten our profile and signal our renewed drive as a jurisdiction to attract investment industry professionals
Bermuda, Funds, Cayman Islands, North America, World Alternative Investment Summit Bermuda, Radius Financial Education, BDA