Thu, May 28, 2015
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 - Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds, Hedge funds buy Actavis, Valeant. ETFs join the party, The most loved biotechs of big hedge funds, Stocks to buy ... according to hedge funds, Atlantic City bond offering attracts hedge funds as buyers, Okumus Fund Management discloses huge new Ascent Capital Group stake[more]

    Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds From Boingboing.com: When a giant hedge fund is bidding on all the foreclosed houses in a poor neighborhood, living humans don't stand a chance -- but that's OK, because rapacious investors make great landl

  2. Institutions - Institutional investors turn to real estate, planes, Assets at Boston’s five biggest family nonprofits rise to $3.5bn[more]

    Institutional investors turn to real estate, planes From Joins.com: The National Pension Service and domestic emerging market specialists who did not know where to invest in a low interest rate environment are turning to other investments like the blue-chip real estate market abroad.

  3. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Iceland’s failed banks face a tax that targets the lenders’ estates as the government prepares to unveil its plan for exiting capital controls in t

  4. Opalesque Exclusive: BMO launches multi-strat '40 act fund[more]

    Bailey McCann, Opalesque New York: As we reach new market highs, investors are looking for a way to diversify and protect their portfolios from a potential market correction. Liquid alternatives are rapidly gaining ground as a critical tool for investors to use to mitigate downside risk. The BMO

  5. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AM’s latest Weekly Briefing, in t

 

banner