Mon, Jul 28, 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   |   
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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  4. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass