Thu, Sep 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Cayman participants predict jurisdictional arbitrage may impact on market share for alternatives business

Wednesday, January 16, 2013

amb
Gary Linford
By Beverly Chandler, Opalesque London:

Participants in the Opalesque Cayman Roundtable discussed global developments for the alternative investment industry and how they would affect hedge fund business closer to home.

Gary Linford, Managing Director of HighWater commented on the number of political motives at play in the global alternatives industry. "There is very little that the Cayman Islands can do about that other than continue to do our best to attract business here based upon service and price, but I fear we will continue to see onshore governments create laws that artificially require you to do business in their jurisdiction."

Linford said that while that may not be an issue for global firms such as fellow Roundtable participant Darren Stainrod, Managing Director, UBS Fund Services (Cayman Islands), he felt it may not be good for the Cayman Islands itself. "Increasingly all of our good service providers here on Cayman are or will have to become global as inappropriate CIMA regulations and offensive new fee increases reduces the attractiveness of Cayman. Sadly, there is increasingly less of an impetus for someone like say Darren to get engaged and argue why certain business should be directed to or stay in Cayman. If it's correct legally ......................

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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  3. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner