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Technology has fundamentally shifted the landscape of the investment industry and, as players in the Cayman Islands embrace this progress, the adoption of these innovations is bringing with it a plethora of benefits.
New hedge fund launches were on the rise in Q4 2022 as the industry headed into 2023, with 96 funds making their debut, rising from 71, the lowest level since Q4 2008, in the prior quarter, according to the latest HFR Market Microstructure Report.
Brevan Howard, the Jersey-headquartered global macro hedge fund firm, has continued its recent hiring spree with the appointment of Subhek Garg, a former managing director at Goldman Sachs, as its new chief technology officer based in the firm’s New York office.
After eleven straight months of redemptions, hedge fund industry flows reversed course in January as the industry posted $3.94 billion worth of net inflows, equivalent to about 8 basis points in asset growth, according to the Barclay Fund Flow Indicator published by Backstop-BarclayHedge.
A $151.82 billion trading profit in January brought total hedge fund industry assets back over the $5 trillion threshold to settle at $5.05 trillion.
“After a string of monthly redemptions reaching back to April, investors turned the page in January and began returning to hedge funds,” said Ben Crawford, Head of Research at Backstop-BarclayHedge. “It was
Struggling US home furnishings retailer Bed bath & Beyond has terminated its fundraising deal with hedge fund Hudson Bay Capital, and is instead looking to the public market to raise funds as it looks to stave off bankruptcy.
Schuss Capital, a New York-based hedge fund that specialising in arbitrage strategies, has launched a new fund, with a target of $300 million, which will employ a small-cap merger arbitrage strategy.
LTX, a subsidiary of Broadridge Financial Solutions Inc, has completed a successful migration of its AI-powered corporate bond e-trading platform for buy-side investors and dealers to Amazon Web Services.
In 2017 the Cayman Islands’ Foundation Companies Act came into force. The act permits a new type of The Act introduced what was then a new type of company which bolsters the jurisdiction’s offering of versatile special purpose vehicles which has potential application in a wide range of structures and scenarios
The year 2022 saw unprecedented level of sanctions imposed on Russia, as well as new and expanded sanctions controls targeting old foes like China and Iran. While the fund sector has become accustomed to the new normal, a new dawn of economic controls looms on the horizon.
If you’re a regular HedgeWeek reader, you probably already know that the Cayman Islands is the world’s number one domicile for alternative investment funds. At Cayman Finance, it’s our job to help ensure it stays that way.
