Mon, Jan 26, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

AIFMD will not materially impact on Cayman Islands says Govier

Wednesday, October 26, 2011

amb
Paul Govier
By Beverly Chandler, Opalesque London:

Although law firm Maples has always been principally linked with the Cayman Islands, the firm also practices Irish and British Virgin Islands law and has a substantial office in London which it opened in 1997. Paul Govier, joint managing partner, London for Maples and Calder reports that it is the largest London office of any offshore firm, providing advice on Cayman Islands and BVI law on the ground in London.

Regulatory changes come and go but Cayman hangs onto its place as one of the most popular jurisdictions for hedge fund registration. Last year eight out of 10 of the top 10 fund launches were registered in the Cayman Islands and approximately 80% of European alternative funds use the Caymans for their fund vehicles.

Govier says: "The reasons that they choose Cayman now are the same reasons that they always have. Its a combination of a tried and tested product that works for managers, investors and prime brokers. They all understand how Cayman works and equally Cayman has designed its laws to work for these people. It is also partly inertia - its a herd mentality but for good reasons. You don't want to be distinguishing your fund vehicle on jurisdiction".

Govier believes that if you were looking to create an offshore jurisdiction, your wish list of features are all present in Cayman. "Political stability; English speaking; English law as the basis; tax neutrality; international best practice on anti m......................

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. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r