Sat, Apr 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge Fund Association launches new chapter in Cayman Islands

Wednesday, January 12, 2011

Peter M.O. Young
Opalesque Industry Update - The Hedge Fund Association (the HFA) today announced that it will be opening its newest chapter in the Cayman Islands in response to intense demand by Cayman-based hedge fund industry participants. This newest step in the HFA’s international expansion comes on the heels of its successful launch of a chapter in the European Union. Peter M.O. Young, President of Advanced Fund Administration, has been named as President of the Cayman Chapter of the HFA for 2011.

“We are extremely pleased to establish a presence for the Hedge Fund Association in one of the most important hubs for offshore hedge funds,” stated David Friedland President of the Hedge Fund Association and President of Magnum U.S. Investments, Inc. “This long overdue expansion will allow us to better advocate and represent a much broader cross section of the alternative investment community when we speak up for the industry in Washington, in the media and beyond.”

“I am honored to have been named President of the HFA’s newest Chapter in the Cayman Islands,” added Peter M.O. Young, President and Founder of Advanced Fund Administration. “I am looking forward to spearheading the HFA’s many events and initiatives in the Cayman Islands as well as rallying the local industry to support the HFA in its ongoing advocacy efforts.”p> Prior to establishing Advanced Fund Administration in 2007, Young was the Executive Vice President and Principal Operating Officer for Citi Hedge Fund Services (Cayman), Ltd. (formerly, BISYS Hedge Fund Services (Cayman) Limited) with responsibility for its Cayman Islands operation. Prior to its acquisition by BISYS, Mr. Young was the Managing Partner and CEO of Rothstein Kass & Company's Cayman Islands office, which included Rothstein, Kass & Company (Cayman) Certified Public Accountants and RK Consulting (Cayman) Ltd. Mutual Fund Administrators respectively. Mr. Young’s professional memberships include the American Institute of Certified Public Accountants, the American Accounting Association, and the Cayman Islands Society of Professional Accountants. He is a Certified Public Accountant and holds a B.S. degree in accounting, a B.B.A. degree in business administration, and a Certificate in Executive MBA.

(press release)

> About The Hedge Fund Association
> The Hedge Fund Association is a not-for-profit international group of forward-thinkers, practitioners and investors united to influence public policy and foster new opportunity throughout the global hedge fund industry. With the widespread misperceptions of alternative investments, the HFA advocates for members by giving voice to the issues through the education of investors, the media, regulators and legislators. Members of the HFA also serve the community through a commitment to philanthropy and academic excellence...Full press release: Source

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
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: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably