Gov’t, Cayman Finance attend Brazil Hedge Fund Forum

In a joint partnership with the Cayman Islands government’s Ministry for Financial Services, Cayman Finance will be co-sponsoring the third annual Hedge Fund Brazil Forum, scheduled to take place between 18 and 19 March in Rio de Janeiro. 

There will be a strong contingent from the Cayman Islands attending the event within the hedge fund industry’s calendar, including Rolston Anglin, deputy premier and minister for education, financial services, training and employment; Dax Basdeo, chief officer in the Ministry for Financial Services; Heather Smith, deputy head of investment and securities, at the Cayman Islands Monetary Authority; and Gonzalo Jalles, CEO of Cayman Finance. They will join private sector industry professionals from the Cayman Islands in promoting Cayman as a viable jurisdiction for the establishment of hedge funds.  

Mr. Jalles said the partnership between the private and public sector financial services representatives means an enhanced show of force when it comes to highlighting Cayman as an attractive place for overseas investors. 

“The Hedge Fund Brazil Forum has established itself as an important networking and highly-educational event for hedge fund professionals worldwide, attracting attendance from some of the top investment professionals in North and Latin America,” he said. “Having a strong, united presence by both the public and private sectors of Cayman’s financial services industry means we are able to present a fully rounded offering to the assembled asset allocators and investment advisers.”  

As well as promoting the Cayman Islands generally via networking events, two Cayman speakers will be taking part in separate panel discussions. On the first day, Glen Trenouth, managing partner with BDO in the Cayman Islands, will speak on a panel discussing whether to select an onshore or offshore domicile. On the second day, Canover Watson, managing director with Admiral Administration in Cayman, will participate in a panel looking at the intricacies of launching an offshore hedge fund.  

Reinforcing the view that a united front means far better presentation of Cayman to the global investment community, Minister Anglin said this joint initiative is but the first of a series.  

“The Ministry for Financial Services recognises the importance of working alongside the private sector to promote Cayman as the domicile of choice for investors, and so we are extremely happy to partner with Cayman Finance to internationally promote Cayman,” he said. “Following on from the Hedge Fund Brazil Forum, there are joint plans to attend City Week Financial Services Forum in London in April and speak at the Offshore Alert Conference in Miami in May. We are delighted to join forces with the private sector in this way to show the world that Cayman is diligently working together to attract the best 
in business.” 

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