Topic: hedge funds
Hedge fund industry growth slows
The total assets under management of the hedge fund industry increased by US$125.9 billion in 2014.
Record year for US CLO issuance
Issuance of collateralized loan obligations reached a record high US$123.8 billion from 237 deals in 2014.
Hedge funds rebounded in November
The performance of hedge funds recovered in November with Eurekahedge Hedge Fund Index gaining 1.4 percent after two consecutive months of losses.
Business in brief
A roundup of local business briefs.
Cayman Alternative Investment summit returns
The event will bring together institutional investors and alternative investment experts at a two-day event at The Ritz-Carlton, Grand Cayman.
Shifting allocations drive hedge funds to new products
As institutional investors are no longer increasing their allocations to hedge funds, hedge fund managers bet on new products to drive growth.
Hedge Funds Care aids charities
The Hedge Funds Care benefit gala at The Ritz Carlton, Grand Cayman on Saturday night raised hundreds of thousands of dollars for local charities that help prevent and treat child abuse and neglect.
Hedge Funds Care: For Cayman’s children
The Hedge Funds Care Cayman gala is an event of the first class, put on by a group of the first class, for a cause that is most worthy.
Hedge Funds Care helps fight child abuse
For the 10th year, members of Cayman’s hedge fund and financial services communities will show their generosity at the “Open Your Heart for Children Benefit” on Nov. 29 at the Ritz-Carlton, Grand Cayman.
Negative hedge fund returns in October
Hedge funds posted a second consecutive month of negative returns in October.
Cayman charities: Opening our hearts — and wallets
The efforts of "Marathon Man" Derek Haines and supporters may be the singular act of charity this year, but they aren't the only people in Cayman in a persistent "giving mood."
Hedge funds saw $13 billion redemptions in Q3
Hedge funds returned 0 percent in September but still outperformed equities such as the MSCI World Index
Business in brief
A round-up of local business news.
Hedge funds rebound with gains in August
Hedge funds were up 1.36 percent in August with performance-based gains of approximately US$5.5 billion.
Hedge fund performance dipped in July
Hedge fund performance was down in July as the Eurekahedge Fund Index dropped 0.12 percent.
Women’s rights activist to speak at Harquail
100 Women in Hedge Funds will host a women’s rights activist and documentary producer for its next fundraiser for the local crisis center.
Hedge funds finish strongly in second quarter 2014
On a year-to-date basis, hedge funds are up 3.16 percent but still underperform equity markets.
Hedge fund women help Crisis Centre
The 100 Women in Hedge Funds organisation has raised over US$26,000 for the Cayman Islands Crisis Centre to assist Cayman's vulnerable women and children
Global hedge funds exceed US$2.1 trillion in May
Global hedge funds continued to attract new capital in May as they crossed the US$2.1 trillion mark, following the fourth consecutive month of net capital inflows.
Business in brief
Business in brief.
DMS expands European operations
Fund governance firm DMS Offshore Investment Services is expanding its operations in Europe.
CIMA appoints new head of investments and securities
Heather Smith has been named head of the Investments and Securities Division of the Cayman Islands Monetary Authority, following the resignation of Yolanda McCoy.
US Fed study: Hedge funds amplify systemic risk
Hedge funds may amplify systemic risk more than previously thought.
Business in brief
Business in brief.
Uncertainty, volatility to drive hedge fund success
Hedge funds professionals may be overly optimistic about the future of the industry, but prevailing market conditions will ensure the funds’ future success, delegates at the GAIM Ops conference heard Tuesday.
Hedge funds attract more than US$30B in first quarter
The industry attracted US$32.6 billion in net asset inflows over the period with the main capital allocations going to North American managers.
Business in brief
Business in brief Wednesday April 2, 2014.
Fund of funds outperformed single managers last year
Funds of hedge funds outperformed single managers in 2013 for the first time ever, according to data provider Eurekahedge.
Business in brief
A roundup of local business news.
Former SEC top brass come to Cayman
Four former commissioners of the Securities Exchange Commission, who were at the SEC during the financial crisis, will speak for the first time at a conference in the Cayman Islands in March.
Associations commend government on finances
Both Cayman Finance and the Chamber of Commerce have emphasized the improving state of government finances in the Cayman Islands.
Business in brief
Business in brief.
Cayman Finance holds international tax seminar
Cayman Finance will host another seminar about international tax developments Thursday, Jan. 23.
Hedge funds gain $228 billion in 2013
In 2013 total hedge fund assets grew by US$228.8 billion the fastest annual growth on record since 2007.
Hedge Fund Association selects Cayman directors
The Hedge Fund Association has appointed Christina Bodden and Colin Nicholson as co-directors of the association’s Cayman Islands Chapter.
New Bermuda fund offering raises Cayman fee issue
A new low cost fund with a fast track registration process in Bermuda is not going to threaten Cayman’s leading position in funds just yet
Agreement paves way for marketing Cayman funds
The Cayman Islands Monetary Authority has signed a memorandum of understanding with the German financial services regulator.
Business in brief
Business in brief.
Hedge Funds Care: A grand gala for a most-worthy cause
In one of Grand Cayman’s most anticipated fundraising events, hundreds of Cayman’s most generous paid $1,000 each to attend a gala affair Saturday evening at the Ritz-Carlton to benefit Hedge Funds Care.
Fraser inspires next generation to make a splash
Brett Fraser is in strict training in New York for his next big meet in a few weeks where the weather seems to turn chillier every day.
Cayman and Austria sign pact
Cayman has now signed 26 MOUs with European countries as a condition for the continued marketing of Cayman Islands hedge funds throughout the European Union.
Hedge funds face challenge of mounting compliance costs
More than a third of hedge fund managers with less than $250 million in assets under management said compliance requirements consume more than 10 percent of their total operating costs.
Accredited directors honored; demand for course grows
The Cayman Islands Directors Association hosted an awards ceremony at Karoo, Camana Bay, for 45 Cayman Islands’ directors who successfully completed the Directors Accreditation Course held in May.
Rickards says global economy needs structural solutions
The economy is currently in the midst of a depression that will continue indefinitely because the policymakers are using the wrong tools to address the underlying structural problems, according to James Rickards, senior managing director at Tangent Capital and author of the bestseller “Currency Wars: The Making of the Next Global Crisis.”
Editorial for October 9: A prudent budget: Meeting expenses, paying down debt
The government's budget appears to be great, but let's take a closer look.
Analysts stage investment forum
The CFA Society Cayman Islands will hold its first Investment Forum on October 17 at the Grand Cayman Marriott Beach Resort.
Business in brief
Business in brief.
National Trust facing extinction?
The National Trust, overseer of blue iguanas, a dozen historic properties and fully 5 percent of the land mass of the Cayman Islands, is slowly going broke.
Hedge fund numbers positive, thanks to growth in master funds
Master funds have increased by 41 per cent over the past year.
Smaller managers dominate market
Smaller funds are the most common type of Cayman-registered funds. Most of the managers of Cayman hedge funds are based in North America.
Five European countries still to enable marketing of Cayman funds
Five member countries of the European Securities and Markets Authority have not yet signed an agreement with Cayman enabling the marketing of Cayman funds.
Business in brief
Business in brief.
Business in brief
Business in brief.
EU directive places Cayman funds at a competitive disadvantage
The European Alternative Investment Fund Managers Directive puts non-EU managers and their funds at a disadvantage compared to EU-based alternative investment funds by restricting full access to the European market until 2015
ACCA study: Investors have lost trust in company reports
A sizeable majority of investors say they place more value on information generated from outside a company than on traditional corporate reports.
CIMA inks deals with European securities market regulator
Agreements will facilitate the marketing of Cayman hedge funds in the EU.
Hedge Funds Care Cayman grant supports Crisis Centre
Hedge Funds Care Cayman has again partnered with the Cayman Islands Crisis Centre as major sponsors of the Children and Youth Programme.
Positive returns but hedge funds trail equity markets
Hedge funds posted positive returns in April for the sixth straight month but the average US hedge fund performance lagged behind the US equity markets.
Financial services stats remain mixed
The number of funds and banks in the Cayman Islands is decreasing, but captive insurance, company, partnership and trust registrations grew in the first quarter of 2013
Child sex abuse reporting on the rise
The Deparatment of Children and Family Services received as many reports of child sexual abuse in a little over the first four months of this year than it did for the entire of last year.
Court asked to block CIMA’s corporate governance consultation
A company affiliated with DMS Management, one of the largest providers of director services has filed an application with the Grand Court alleging that the private sector consultation process used by the Cayman Islands Monetary Authority to reform corporate governance of fund directors and director services providers is flawed.
Inaugural 100 Women in Hedge Funds Cayman event launches
Cayman's inaugural 100 Women in Hedge Funds event will be held at the Westin Casuarina Resort this month.
Candidates support Turtle Farm
The Chamber of Commerce held its West Bay candidate forum on Wednesday night.
CIDA offers additional directors accreditation course
The Cayman Islands Directors Association will run an additional Directors Accreditation Course in May 2013.
Ignition, Oyster Consulting join to help with FATCA preparations
Ignition, a leading provider of GRC software solutions, and Oyster Consulting, an expert regulatory and compliance consultancy firm, are pleased to announce a strategic partnership to deliver solutions and services to the offshore financial services market.
Amendment paves way for AIFMD compliance
To facilitate the marketing of Cayman hedge funds in the European Union, the Cayman Islands government has passed an amendment that allows the jurisdiction’s regulator to enter into memoranda of understanding with its EU counterparts
Brac students get financial services intro on Career Day
Over 140 students from the Layman E. Scott High School in Cayman Brac received an introduction to Cayman’s financial services industry in last month.
Offshore Alert puts Cayman hedge funds under spotlight
Should fund directors be regulated, how many hedge fund directorships are too many and should the number and name of each person’s directorships be transparent or concealed from investors are some of the questions that will be addressed by a session at the Offshore Alert conference in Miami Beach in May.
SAC affiliate pays $600M to settle trading charges
Two affiliates of SAC Capital Advisors, the hedge fund run by
billionaire Steven Cohen, will pay more than $614 million in what
federal regulators are calling the largest insider trading settlement
ever.
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 3rd annual Hedge Fund Brazil Forum, scheduled to take place on the 18 and 19 March in Rio de Janeiro.
Business in Brief
Business in brief stories
Marketing association holds year’s first training seminars
The Caymans Islands Marketing Professional Services Association (CIMPA) recently held its first official training events for 2013.
