Thu, Aug 17, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other Voices - The grass isn't always Greener in the Emerald Isle: Why some funds now relocate to Cayman again

Tuesday, August 24, 2010

amb
Niaz Khan
This article was authored by Niaz Khan, Associate Director of dms Management Ltd.:

Fundamental to my work as an Associate Director at dms Management Ltd. is travelling to major financial centres to meet with investment managers of hedge fund clients. On a recent trip to New York, I was especially looking forward to a visit with a well-known industry leader, a hedge fund manager with funds that had recently made the switch from Cayman to Ireland, and whose meeting had been arranged more than a month in advance. As I sat in the reception area in preparation for the meeting, the CFO rushed out of his office and indicated that they had to cancel due to an urgent unexpected matter with one of the hedge funds now domiciled in Ireland. An unfortunately familiar headache these days, he lamented. Here was an investment manager who made the move to Ireland, to what was perceived to be greener pastures - only to learn it was not quite what he had bargained for. I needed to find out why.

I had the opportunity to chat with him the following week, at which time he outlined why re-domiciling Cayman funds to Ireland is not always advantageous, and he was looking forward to returning to Cayman. I found his comments most interesting because the media is keen to report of the relatively few funds moving from Cayman to Ireland, but not yet on the radar is the round-trip ticket back.

The fight for a slice of the hedge fund pi......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Other Voices: Crisis risk offset; about time?[more]

    This article was authored by Russell Barlow, global head of hedge fund solutions at London-based Aberdeen Asset Management. Like the ubiquitous force of gravity, when financial markets rise they must fall. The quest

  3. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  4. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  5. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos