Sat, Jul 22, 2017
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. It�s 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 - it�s 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. Already above average, Singapore high-networth investors add hedge funds and alternative investments[more]

    Komfie Manalo, Opalesque Asia: An above-average proportion of Singaporean HNW wealth is allocated to alternative investments - the majority of which is held in hedge funds, according to the latest research by ReportLinker. In its report entitled, Wealth in Singapore: HNW Investors 2017

  2. Launches - Crypto boom: 15 new hedge funds want in on 84,000% returns, Crypto madness is striking VCs as Union Square analyst leaves to start new fund[more]

    Crypto boom: 15 new hedge funds want in on 84,000% returns From Forbes.com: With 43 projects raising $1.2 billion in initial coin offerings since May 1, according to Nick Tomaino's The Control, and with stratospheric returns for so many ICOs -- 82,000% for Ethereum, 56,000% for IOTA, 44,

  3. FinTech - The machines are coming... Elon Musk's grim warning, Tezos' $232 million ICO may just be the beginning, A gentle introduction to Initial Coin Offerings (ICOs), Billion dollar tokens, ICOS & crazy market swings WTF is going on!?, How AI is changing the way we invest, How the tech revolution is bringing flip-flops and beanbags to Wall Street, A 'machine-learning' approach to venture capital[more]

    The machines are coming... Elon Musk's grim warning From Tenplay.com.au: Tesla chief Elon Musk has called on US Governors to take 'decisive' action to curtail "the greatest risk we face as a civilization": Artificial Intelligence, or AI. Speaking at a meeting of the National Governor Ass

  4. News Briefs – Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9%, Rwanda: Global hedge fund to increase investments[more]

    Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9% Sears Holdings has landed a fresh line of credit, valued at $200 million, from its CEO Eddie Lampert's hedge fund, the retailer said Monday. Sears' stock climbed about 9 percent higher Monda

  5. Despite current limits, robo-advisors will be preferred investment solution for retail, gain importance for affluent and high net worth[more]

    Matthias Knab, Opalesque: Flynt, a Swiss FinTech focusing on proprietary technology platform for private and institutional clients, has published a brief paper on "Investing in the world of robo-advice and passive instruments". As investors will become more reluctant to pay for investment advi