EY’s annual Alternative Funds Symposium will be held in the Cayman Islands on Dec. 6, 2018 at The Ritz-Carlton.
The event is part of the EY Global Alternative Fund Symposium Series which is hosted in 18 financial centers worldwide and is attended by more than 5,000 senior executives from some of the world’s largest asset managers and leading service providers.
The 11th annual event in the Cayman Islands features representatives from hedge, alternative and private equity funds and address issues such as industry convergence, the current business environment and innovation in the asset management industry, according to the company.
Michael Hyatt, a serial entrepreneur, self-made millionaire by age 25, and business commentator on Canada’s CBC News Network, will offer his perspective on the alternative funds industry and the challenges and opportunities ahead.
“I look forward to this event each and every year,” said Jeffrey Short, partner and Wealth and Asset Management Sector leader for the EY region of the Bahamas, Bermuda, British Virgin Islands and Cayman Islands. “Our business is changing rapidly, which results in new strategic priorities for alternative asset managers like talent management and technological innovation.”
According to a press release announcing the symposium date, EY will demonstrate its commitment to digital growth through its on-site Innovation Bar, which showcases innovative solutions used by the firm internally, as well as by clients.
They include EY FAR BOT, a solution which uses robotic process automation (RPA) technology to complete fund annual returns with the Cayman Islands Monetary Authority, and EY WAMapps, a global market-leading platform which streamlines data capture, fosters greater collaboration and creates a more interactive and responsive audit, the company said.
“Our knowledgeable teams continuously propose creative solutions which can make a difference for any business,” said Mike Mannisto, partner and Banking and Capital Markets Leader. “They embody our purpose of building a better working world through innovation. We are committed to this focus and are investing significantly in resources that will ensure our success.” EY recently pledged to globally invest $1 billion in disruptive technology solutions over two years. The event is by invitation only.