Sat, Feb 25, 2017
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. Legal - Fannie, Freddie shares dive after U.S. appeals court ruling[more]

    From Reuters.com: Shares of Fannie Mae and Freddie Mac tumbled more than 30 percent on Tuesday after a U.S. appeals court shut down efforts by hedge funds and other investors to pursue numerous legal claims accusing the U.S. government of seizing their profits following taxpayer bailouts. By a

  2. Institutional investors plan to raise allocations to alternative assets in 2017[more]

    Komfie Manalo, Opalesque Asia: A survey by Context Summits Miami showed that nearly 72% of institutional investors and family offices plan to raise their allocations to alternative asset managers this year, suggesting continued strong demand for the industry. "As many large, brand name f

  3. Comment - Mortgages, mergers and hedge fund fees, Fairholme's Berkowitz responds to court ruling against hedge fund suits of Fannie Mae[more]

    Mortgages, mergers and hedge fund fees From Bloomberg.com: Yesterday the U.S. Court of Appeals for the D.C. Circuit handed down an odd decision in a lawsuit over the government's nationalization of Fannie Mae and Freddie Mac. The key issue is what's called the "Third Amendment," the 2012

  4. Investing - Hedge funds continue to chase the herd in record Momentum wager, Marshall Wace bets grocer Sainsbury may need rights offering, Hedge fund net exposure has started to retreat, David Tepper's Appaloosa fund makes a huge buy, The 10,000-mile journey to Short Australia, Skeptical hedge fund investors grill Evan Spiegel about Snap's I.P.O.[more]

    Hedge funds continue to chase the herd in record Momentum wager From Bloomberg.com: Hedge funds can't get enough of momentum - even if it means embracing an investing strategy they hate. Loosely defined as betting on shares that went up the fastest over the preceding nine-to-12 months, h

  5. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s