Wed, Aug 27, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Cayman must stand firm against demands to embrace UCITS type rules

Friday, January 18, 2013

Benedicte Gravrand, Opalesque Geneva:

The Cayman’s financial sector is well positioned for the alternative funds industry and should not try to please everybody else, said participants at the recent Opalesque Cayman Roundtable.

All jurisdictions are chasing the money and trying to get an increased share of the global alternative business, said Darren Stainrod, Managing Director of UBS Fund Services in the Cayman Islands.

He added: "Hong Kong, for example, has a good PE structure and now they are looking at creating a hedge fund type product there to compete with the Cayman model as well as other products to capture assets as China continues to open up. Singapore, Malta, Gibraltar, the Channel Islands and elsewhere are also competing with the Cayman / Dublin / Luxembourg products. Bahamas has a less expensive SMART fund which is heavily marketed to start-ups and family offices in Brazil, and obviously UCITS are a continuous project in Europe."

But for the moment, in the midst of all the regulatory changes in Europe (ahead of the full AIFMD implementation), he added, "there hasn’t been a lot of actual asset flows or re-domiciliation out of Cayman which remains stable in assets and the number of funds registered."

Cayman fund regulation is simple......................

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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest