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
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
Maples and Calder
Maples Finance Limited (Cayman Islands)
Mourant Du Feu & Jeune
Quin & Hampson
Rose & Sky Investments (Cayman) Ltd
RSM Cayman Islands
Stuarts Walker Hersant Attorneys-At-Law
The Harbour Trust Co. Ltd.
UBS Fund Services (Cayman) Ltd
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.