Sun, Jun 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Cayman strives to remain competitive, now has more than 10,000 registered funds

Tuesday, January 22, 2013

amb
Ingrid Pierce
From Komfie Manalo, Opalesque Asia:

The Cayman Islands reported a surge in hedge funds registrations in 2012 largely because of the new regulatory requirement to register master funds, said Ingrid Pierce, managing partner at global law firm Walkers during the recent Opalesque Cayman Roundtable.

"There are now well over 10,000 registered funds and we will see how it looks at the end of the first quarter of 2013, as there are usually some terminations at this time of year when people do restructurings or deregister their funds," Pierce told the participants.

She went on to say, "Overall new funds have been a bit slower to launch; it seems to be taking longer for people to raise capital. Still, we have quite a lot of new funds in the pipeline for the first quarter of [2013], so we are pretty positive. There is a lot of activity in Asia, but we are also getting a significant number of inquiries from the U.S., especially for start-up funds. A lot of these new managers launch with a relatively low asset base, but that isn't stopping people from going offshore, which is a good indicator of what's to come."

But Pierce remains bullish on the alternative space’s prospects saying there is a lot of potential for more business, as all jurisdictions are expected to do whatever they can to make it......................

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. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  2. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  3. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  4. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  5. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to