AIMA launches Cayman chapter

The Alternative Investment Management Association – the global hedge fund and alternative investment industry association – recently announced the launch of its Cayman Islands Chapter.

The new Chapter is unique in the history of AIMA. It has been formed both at the request of the industry and with the strong backing of the regulator, the Cayman Islands Monetary Authority and the Government’s Portfolio of Finance & Economics.

Christopher Fawcett, Chairman of AIMA said: ‘This is a notable and natural milestone, and a signal of AIMA’s growing influence worldwide. Cayman is an integral part of the hedge fund industry, with the majority of hedge funds globally domiciled there.’

The Cayman Islands become AIMA’s seventh Chapter worldwide – following Australia, Canada, Hong Kong, Japan, Singapore and South Africa. AIMA now has more than 1,000 corporate members in 46 countries.

Chapters of AIMA are strategically positioned regional operations created by AIMA members. They are located in countries where there is a desire to apply the global objectives and initiatives of AIMA in a manner specifically tailored to the local market.

Gary Linford, Head of Investment & Securities Division for CIMA commented: ‘With the wealth of knowledge that sits in the Cayman Islands, this new AIMA Chapter will provide the ideal platform for the Cayman hedge fund industry to make a more public contribution to the global hedge fund debate.’

The Chairman and Executive that will lead the new AIMA Cayman Chapter for the next two years have also been announced:

Chairman: Andy Stepaniuk, KPMG

Deputy Chairman: Mark Lewis, Walkers

Legal Counsel: Henry Harford, Maples and Calder

Regulation & Tax Education & Research: Valia Theodoraki, Cayman Islands Stock Exchange

Media & Communications: Alun Davies, GLG

AIMA founding member companies

A.R.C. Directors Ltd

Absolute Capital Management Holdings Limited

Appleby Spurling Hunter

Athena International Management Limited

Bisys Alternative Services

Butterfield Fund Services (Cayman) Limited

Caledonian Fund Services (Cayman) Limited

Campbells

Cayman Islands Stock Exchange

Cayman National Trust Co. Ltd.

CIBC Bank And Trust Company (Cayman) Limited

CITCO Fund Services (Cayman Islands) Limited

Close Brothers (Cayman) Limited

Comas Management Limited

Deloitte Cayman Islands

dms Management Ltd

Ernst & Young LLP

Fortis Prime Fund Solutions (Cayman) Limited

GLG Partners Services LP

Goldman Sachs (Cayman) Trust, Limited

Harmonic Fund Services

Innovation Management Ltd.

International Management Services Ltd

KPMG

Maples and Calder

Maples Finance Limited (Cayman Islands)

Mourant Du Feu & Jeune

Ogier

Pricewaterhousecoopers

Quin & Hampson

Rose & Sky Investments (Cayman) Ltd

RSM Cayman Islands

Solomon Harris

Stuarts Walker Hersant Attorneys-At-Law

The Harbour Trust Co. Ltd.

UBS Fund Services (Cayman) Ltd

Walkers

Walkers Spv Limited

WHO THEY ARE

Founded in 1990, AIMA is a not-for-profit global trade association with corporate membership in 46 countries. AIMA focuses specifically on hedge funds, managed futures and managed currency funds. AIMA’s membership includes fund of funds managers, institutional investors, hedge fund managers, prime brokers, exchanges, fund administrators, auditors, lawyers and other specialist service providers. Go to www.AIMA.org. for more information.