Fri, Feb 23, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

FTI Consulting launches specialist director support services in Cayman

Friday, July 28, 2017

Bailey McCann, Opalesque New York:

FTI Consulting's restructuring group is expanding its services in the Cayman Islands following approval of a Companies Management Licence by the Cayman Islands Monetary Authority (CIMA). FTI will be able to provide independent board directors that can manage fund liquidations and turnarounds.

"Historically, if investors have wanted out of a Cayman fund they might push for a professional liquidator to come in following a judgment," explains Andrew Morrison, a Senior Managing Director in the Corporate Finance & Restructuring segment at FTI Consulting in an interview with Opalesque. "Now, we can offer investors the option of using a specialist director and managing the situation out of court."

The restructuring group at FTI is led by Morrison and David Griffin, Leader of the Corporate Finance & Restructuring. Morrison notes that allowing the appointment of directors with restructuring skills is a relatively new option from CIMA and one that can mean that investors are able to recoup their assets in a more expedient way. Going to court in order to force changes at a fund can take years and a significant amount of money. A specialist director can step in to get the ball rolling almost immediately.

"We thought now was a good time to go to market with this, because investors are becoming more aware of their options when it comes to dealing with funds and fund managers," adds Griffin.

The support services launch comes in......................

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. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  2. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  3. Institutional Investors - Hedge funds regain their appeal for a $57 billion asset manager, Private credit strategies in stratosphere[more]

    Hedge funds regain their appeal for a $57 billion asset manager From With volatility back on the radar, one of the Nordic region's biggest asset managers is considering relying a bit more on hedge funds to help oversee his portfolio. Mikko Mursula, the chief investment off

  4. Investing - All aboard for hedge funds as trade tide lifts shipping, Hedge funds pile into Time Warner in bet on merger success[more]

    All aboard for hedge funds as trade tide lifts shipping From Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are tran

  5. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac