Sat, Oct 10, 2015
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

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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with