Cayman Hedge Fund Services 2011

Download the Special Report Cayman Hedge Fund Services 2011

Articles

Anthony Cowell, partner, KPMG

Reports of Cayman’s demise exaggerated as industry rebounds

By Simon Gray - Like writer Mark Twain, who famously observed, “The report of my death is an exaggeration,” members of the alternative fund sector in the Cayman Islands have become familiar with reading their own obituary. Since the onset of the financial crisis, and especially the G20-led campaign to clamp down on opaque and poorly-regulated financial centres, the world’s leading offshore fund domicile has been regularly written off by onshore competitors and media commentators. »


Anthony Travers, chairman, Cayman Finance

Four steps to maintain Cayman’s offshore leadership

By Anthony Travers - There’s no doubt that the global financial meltdown has resulted in a fundamentally changed set of financial and regulatory circumstances and a more hostile political environment. Yet it is perverse that the Cayman Islands have been the focus of numerous public relations attacks from G20 countries that themselves have suffered badly at the hands of the global meltdown. »


Derek Adler, director, Ifina

An opportunity for start-up managers

By Derek Adler - Ifina has had a presence in the Cayman Islands for most of the past decade, but for much of that period the largest share of the firm’s administration work has come from the British Virgin Islands. However, particularly in the past year we have experienced a significant increase in the volume of demand from clients for servicing of Cayman-domiciled funds. »


Ingrid Pierce, partner, Walkers

The solvent fund wind-up process in the Cayman Islands

By Ingrid Pierce (pictured) and Colette Wilkins - Following the global financial crisis, investors unhappy with an informal wind-down process are increasingly seeking to bring that process to an end and have the board replaced by a court-appointed liquidator. »


Rohan Small, audit partner, Ernst & Young

Cayman keeping pace with the regulatory environment

By Rohan Small (pictured) and Jeffrey Short - The Cayman Islands – one of the world’s leading offshore jurisdictions for the establishment of investment funds – has faced many tests to copper-fasten its dominant position. And now, even in the face of its toughest test ever in terms of intensifying laws on regulation and transparency, both from the European Union and the US, the fund jurisdiction looks set to overcome yet another hurdle. »


Neal Lomax, managing partner, MourantOzannes

Plain talking helps service providers get the message across

By Simon Gray - For years, industry professionals acknowledge, the Cayman Islands financial services sector – and the territory’s government – remained largely silent as the jurisdiction was branded as the epitome of the real and supposed ills of the offshore financial industry – tax evasion, money laundering, fraud and worse. But those days are now decisively over. »


Alan Rafferty, head of operations, Koger (Dublin)

Time to ease the burden

By Alan Raftery - There is a new-found hedge fund environment and the message for all involved is clear – be prepared. Today, it is vital for all in the hedge fund industry to have the right tools to survive and succeed in a volatile setting. »


Rick Gorter, managing director, Trident Trust Fund Services Cayman

New demands keep administrators busy

By Rick Gorter - Earlier this year, a shadow seemed to hang over the fund administration sector in the Cayman Islands, amid reports of staff cuts and movement of operations to lower-cost jurisdictions. While some of this may have taken place, the overall view of the sector is that of steady growth. »


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