Cayman Islands

Weavering directors have fines dismissed

The Cayman Islands Court of Appeal has dismissed the $111 million fine imposed on two directors who sat on the board of the failed Weavering Capital hedge fund in a decision that is likely to tarnish Cayman’s reputation on corporate governance standards.

Posted on: 18 Feb, 2015
Posted in: Legal

FATCA responsible officer function obsolete for Cayman funds

Outsourcing the responsible officer (RO) function under the Foreign Account Tax Compliance Act (FATCA) offers limited value to Cayman-Islands’ domiciled fund managers.

Posted on: 11 Sep, 2014
Posted in: Investors

Israeli hedge fund industry continues to grow

Israeli hedge funds have grown their assets by 33% to $2.66 billion over the past two years amid strong performance and an emergence of new talent, according to the 2014 Israel Hedge Fund Survey by Tzur Management, a Tel Aviv-based administrator.

Posted on: 21 May, 2014
Posted in: Investors

Cayman still reigns supreme

Among the many findings in the UK Financial Conduct Authority’s (FCA) just published Hedge Fund Survey is the “revelation” that the EU’s Alternative Investment Fund Managers Directive (AIFMD) has not facilitated an exodus of managers moving onshor

Posted on: 31 Mar, 2014
Posted in: Regulation

FCA survey highlights concentration of assets in largest managers

The 20 largest UK hedge funds control nearly 82% of the $470 billion in assets that are managed out of the country, according to the latest hedge fund survey by the Financial Conduct Authority (FCA).

Posted on: 24 Mar, 2014
Posted in: Regulation

COOConnect: Predictions for 2014

In the fifth and final instalment of COOConnect’s series summarising the key events to impact hedge funds in 2013, we look to predict what lies ahead for managers next year.

Predictions for 2014

Posted on: 23 Dec, 2013
Posted in: Investors

CFTC chairman says swaps reform deadlines for US person hedge funds won't be delayed

Hedge funds are unlikely to be given any extension to the Commodity Futures Trading Commission’s (CFTC) October 9 deadline for complying with mandatory clearing of certain interest rate and credit default swaps, recordkeeping and reporting require

Posted on: 19 Sep, 2013
Posted in: Regulation

Carne Group continues Cayman expansion

Carne Group, a governance provider, has appointed Vanessa Barrett to its team of directors in the Cayman Islands.

Posted on: 29 Jul, 2013
Posted in: People Moves

Investor-manager disagreement on governance reform, according to CIMA survey

Major discrepancies continue to exist between investors and managers over corporate governance standards, while 86% of investors want to be provided with details of the number of boards directors sit on, according to a survey commissioned by the C

Posted on: 09 Jul, 2013
Posted in: Investors

Bill Prew of INDOS Financial continues his monthly blog of AIFMD developments.

Bill Prew of INDOS Financial continues his monthly blog of AIFMD developments.

Posted on: 01 Jul, 2013
Posted in: Regulation


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