Mon, Mar 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Caymans saw fewer fund launches last year, but more from Asia

Thursday, March 09, 2017

Benedicte Gravrand, Opalesque Geneva:

The number of CIMA fund registrations in 2016 was about 1,230, slightly down from the prior year but holding up well compared to other jurisdictions, said participants at the recent Opalesque Cayman Roundtable.

Internal statistics also show a lower number of launches as well as a shift in geographical regions for Cayman fund launches, said Craig Smith, partner at large auditing house PricewaterhouseCoopers (PwC). "For example, the numbers from Europe are down but they increased a lot from Asia, to the point where Asia is somewhat bucking the trend and now represents almost half of the new launches that we are taking on as far as audit clients at PwC."

This trend, he explains, comes from creation of new wealth in Asia, particularly China, leading people to look for partners to manage money in different asset classes. There are also a lot of younger participants looking to invest long term.

"So all these mega trends as far as urbanisation and people moving from the countryside to the cities, creating a new middle class and becoming more sophisticated, are still happening," he continued. "At some point it's also about gaining more access to professional, alternative investment managers. These factors still feed into the increase in demand for managed investment products."

Enthusiasm still there despite hurdles

"I think we a......................

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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He