Sponsored article: Gaim Ops Cayman 2012 preview

Fund AdministrationInvestorsLaunchesLegalOperational RiskPrime BrokerageRegulationSecurities FinancingTechnology
16 Jan, 2012

Gaim Ops will be holding its annual operational due diligence conference at the Ritz Carlton in Grand Cayman between April 22 and 25, 2012.

Keynote speakers at the event include Diana Henriques, author of Bernie Madoff biopic The Wizard of Lies and Peter Koffler, general counsel and chief compliance officer at Blackstone Alternative Asset Management.

Operational due diligence professionals will have the opportunity to gain a comprehensive overview of due diligence on Sunday, April 22 at a pre-conference workshop. The conference offers five hours of regulatory guidance including two live Securities and Exchange Commission (SEC) video conferences on Examinations and Enforcement. The program also includes a charity night that will benefit RBaby, a charity focused on pediatric care and Michael’s Mission, a non-for-profit cancer organisation.

Operational due diligence, particularly counterparty risk, has gained renewed traction this year following the complications surrounding the MF Global bankruptcy and concerns about the co-mingling of client and company funds. Furthermore, the $2 billion UBS fraud also raised questions about risk management at large prime brokers.

“In light of recent scandals and new regulation, investors are focused now more than ever on the back office operations of their investment managers,” said Rachel Lewyn, conference director for the finance and investments division at IIRUSA, the organiser of Gaim Ops. “Both sophisticated and unsophisticated investors are spending a lot of time looking at operations and performing due diligence on mangers.”

Over 400 attendees including 100 speakers from an array of asset managers and service providers will descend on Grand Cayman to discuss trends and developments in the operational due diligence landscape. “Gaim Ops offers people the opportunity to interact, learn and network in relaxed surroundings,” said Lewyn.