Financial services advisory firm Kinetic Partners has strengthened its team in the Cayman Islands because, the firm said, of an increase in so-called zombie fund assignments from investors keen to exit these positions.
Jess Shakespeare becomes a member within the corporate recovery and forensic & dispute advisory team.
Kinetic Partners said that its strategy in relation to zombie funds is to help clients expedite positions by implementing bespoke exit strategies.
Mark Longbottom, member at Kinetic Partners’ Cayman Islands office, said: “Our reputation as leading Cayman liquidators and forensic experts, particularly with our role in a number of recent high profile cases, has driven an uptick in new engagements to service the increasingly complex need of our clients.
“The growth of our Cayman office and service offering is focused on our experts’ understanding of the challenges which can arise from changing market conditions in a dynamic industry.”
Kinetic Partners, Cayman, Jess Shakespeare