Cayman Islands Hedge Fund Services 2019

Wed, 30/01/2019 - 12:22

From an enhanced ALM regime to a new International Tax-Co-operation Bill aimed at reinforcing its commitment to the OECD’s BEPS Inclusive Framework, this report explores how the Cayman Islands is enhancing its standing as a premier global financial hub…

The 'Cayman Islands Hedge Fund Services 2019' special report comprises 9 separate articles listed below, these can be read individually or as a sequence.
James Williams, Hedgeweek

Cayman Islands committed to aligning with global best practices

Wed, 30/01/2019 - 12:28

Tax transparency and cooperation with international regulators and governments to guard against tax evasion is something that the Cayman Islands takes seriously. It has, after all, Tax Information Exchange Agreements with all major developed countries and shares information with over 100 countries under the OECD’s Common Reporting Standard framework. »

Gary Smith, Loebb Smith Attorneys

Using a segregated portfolio company for private equity funds

Wed, 30/01/2019 - 12:36

Q&A with Gary Smith, Partner, Loeb Smith Attorneys »

Matt Mulry, Dillon Eustace

Cayman still the vanguard of offshore financial centres

Wed, 30/01/2019 - 12:40

The Caribbean Financial Action Task Force’s mutual evaluation of the Cayman Islands at the end of 2017 led to a revision of the jurisdiction’s anti-money laundering (AML) regulations and was the catalyst for the new Cayman AML guidance. The CFATF report recommended enhancing international co-operation, broadening asset freezing powers and offences and expanding the scope of AML regulation.  »

Jude Scott, Cayman Finance

The Cayman Model goes from strength to strength

Wed, 30/01/2019 - 12:46

Q&A with Jude Scott, Cayman Finance »

Joanne Hucke, Ogier

Hot topics - blurring the lines, independent advice and downstream trends

Wed, 30/01/2019 - 12:50

Q&A with Joanne Huckle, Ogier »

Ian Gobin, Harneys

Cayman’s laws well equipped for maturing digital asset market

Wed, 30/01/2019 - 12:54

The cryptocurrency market is predicted to reach USD1 trillion according to Smartereum as the market capitalisation continues to grow. Currently, the estimated size of the crypto market is approximately USD417 billion, a very modest number and one that remains dwarfed by other traditional and alternative asset classes. To put things into context, global private equity alone raised more than USD453 billion in 2017.  »

Benjamin Reid, Maitland

Carnival looking to come early for Brazilian asset managers

Wed, 30/01/2019 - 12:59

Prior to the election of the new Brazilian president Jair Bolsonaro, in October 2018 after winning 55 per cent of the vote, there had long been a trend among Brazilian fund managers to allocate capital offshore to invest outside of the country. Now, as the markets begin to stabilise, investors – both locally and globally – are starting to reconsider Brazil again for investment opportunity. »

Caroline Heal, Walkers

Enhanced AML regime puts Cayman on firm footing to oversee digital asset growth

Wed, 30/01/2019 - 13:05

2018 was an extremely busy year for Walkers, one of the Cayman Islands’ leading international law firms. The firm saw a tremendous amount of activity in private equity and related downstream corporate work, while with respect to hedge funds the Cayman team was busy doing restructuring work. »

Sean Inggs, IMS

Cayman’s compliance regime leads by example

Wed, 30/01/2019 - 13:09

On 3 December 2018, the Cayman Islands Monetary Authority (CIMA) published amendments to December 2017’s AML Guidance notes on the Prevention and Detection of Money Laundering and Terrorist Financing. Under the AML/CFT regime, a clear distinction has been made between delegation and reliance with respect to how an investment fund manager handless its AML obligations.  »

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