Sat, Dec 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HighWater: A mark of peak performance

Tuesday, October 12, 2010
Opalesque Industry Update - HighWater is the new brand name of DirectorsPlus Limited, a Cayman-based director services company owned by Gary Linford, John Lewis and Winston Connolly.

In early 2007, Gary Linford co-founded the DMTC Group with Bill Jones in Luxembourg and Nigel Stead in Singapore, with each of the three offices independently owned and operated, but jointly promoted under the DMTC Group branding. Linford explained the original vision of the DMTC Group model;

“We intended to build a global offshore fiduciary services company, offering services to investment funds and managers from offices in all of the major offshore fund centres. >From this initial objective, in addition to all three locations providing directors to the alternative fund industry, each office began to specialise in additional services best suited to their locations: Luxembourg found a market in UCITS; Singapore developed an offering in back office and operational services for Japanese investment advisors; and Cayman established offices of substance for investment managers”.

“It was getting hard to see how the initial vision of a global director services business was going to match my rhetoric of a niche offering that had at its core, limited directorships for a select group of clients that had Cayman as its main domicile. It was time to take another look at the business model”, Linford explained.

The Cayman operation of DMTC Group has experienced steady organic growth since early 2007, by following a strategy of diversification – by client, originating jurisdiction of the business and the investment strategy - all while limiting the number of directorships taken on by each principal. This growth facilitated the introduction of two new partners in the Cayman Islands – John Lewis in July 2008 and Winston Connolly in June 2010.

“A decision was taken very recently to no longer operate under the common branding of DMTC Group but rather to reinforce our separate identity and ownership from the offices in Luxembourg and Singapore. We still have a fantastic working relationship with Bill and Nigel and remain on several joint boards with both gentlemen but the three Cayman partners have decided to focus primarily on the Cayman funds industry and will do so under the HighWater brand.”

John Lewis confirms: “The message we are hearing across our key markets is that the alternative investment industry remains strong but with an increasing need for credible corporate governance. With a quality team of principals and staff and in a capacity-constrained business that allows us to selectively pick our new clients, we have little fear that we will have spare time on our hands”.

HighWater was chosen as the new brand name as it is a positive industry term that denotes the highest peak of performance that a fund has reached. Winston Connolly, HighWater’s newest partner explains: “Managers are always striving to reach a new high water mark of performance as do we in respect of our service and added value to our clients. We are continually raising our own high water marks when it comes to fiduciary standards, building a portfolio of clients, retaining the team that services our clients and working with service providers in key fund jurisdictions. The brand HighWater is simple and just made sense when defining our business and our key relationships”.

(press release)

Corporate website: Source
km

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und