Tue, Aug 22, 2017
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. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  3. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  4. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos

  5. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq