By Giorgio Subiotto (pictured) & Shameer Jasani, Ogier – We have witnessed a clear evolution in how the composition of boards of directors on Cayman investment funds has been structured. The concept of using independent directors is not new. Many US
By Nicholas Butcher, Maples and Calder – Cayman Islands exempted limited partnerships (“ELPs”) are currently riding the crest of a wave. Consistently a popular form of investment vehicle for hedge and especially private equity funds, 2013 saw a record 2,368 ELPs
On 6 December 2013, after a period of consultation with industry practitioners, the Cayman Islands Monetary Authority (CIMA) – the Islands’ financial regulator – released its Statement of Guidance for Regulated Mutual Funds (‘SoG-MF’). In essence, the SoG-MF codifies and
The US Commodity Futures Trading Commission (Commission) has approved an amendment to and consolidation of LCH.Clearnet Ltd’s (LCH) orders of registration as a derivatives clearing organisation (DCO). The amendment permits LCH to provide clearing services for “swaps,” as defined in
Liquidnet has partnered with Torstone to consolidate its back office technology by replacing multiple systems within one modern, sophisticated, international platform. By adopting Inferno, Liquidnet will benefit from improved control and efficiency through a flexible and scalable system that easily
Huntington Asset Services is providing support for Spouting Rock Fund Management’s Spouting Rock/Convex Dynamic Global Macro Fund, which launched 21 November. Huntington offers administration, accounting, custody, transfer agency services, distribution and tax services for the fund, which pursues positive absolute
Dominic Wheatley (pictured), Chief Executive of Guernsey Finance, explains how the Island provides Latin American fund managers and investors with a unique offering. Colleagues who visited Brazil, Chile and Colombia earlier this year were struck by the way in which
BATS Chi-X Europe is introducing a new pricing model on its CXE Lit Order Book, the largest of the exchange’s four European order books. The changes are in response to higher market volumes and are designed to bring more competitive
Linedata Services, a provider of investment and credit software, services and support, has launched version six of its Beauchamp FundManager product, a portfolio management solution for alternative investments. New features in Beauchamp FundManager include counterparty risk reporting; increased throughput; enhanced
SunGard has launched an independent, real-time transaction cost analysis (TCA) solution for foreign exchange (FX) trading to help traders, corporate treasurers and portfolio managers understand the quality of their executions. SunGard’s FX TCA solution helps firms gain transparency over their
