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Topic: hedge funds
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.
Hedge funds posted a second consecutive month of negative returns in October.
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 returned 0 percent in September but still outperformed equities such as the MSCI World Index
A round-up of local business news.
Hedge funds were up 1.36 percent in August with performance-based gains of approximately US$5.5 billion.
Hedge fund performance was down in July as the Eurekahedge Fund Index dropped 0.12 percent.
100 Women in Hedge Funds will host a women’s rights activist and documentary producer for its next fundraiser for the local crisis center.
On a year-to-date basis, hedge funds are up 3.16 percent but still underperform equity markets.
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 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.
Fund governance firm DMS Offshore Investment Services is expanding its operations in Europe.
Heather Smith has been named head of the Investments and Securities Division of the Cayman Islands Monetary Authority, following the resignation of Yolanda McCoy.
Hedge funds may amplify systemic risk more than previously thought.
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.
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 Wednesday April 2, 2014.
Funds of hedge funds outperformed single managers in 2013 for the first time ever, according to data provider Eurekahedge.
A roundup of local business news.
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.
Both Cayman Finance and the Chamber of Commerce have emphasized the improving state of government finances in the Cayman Islands.
Cayman Finance will host another seminar about international tax developments Thursday, Jan. 23.
In 2013 total hedge fund assets grew by US$228.8 billion the fastest annual growth on record since 2007.
The Hedge Fund Association has appointed Christina Bodden and Colin Nicholson as co-directors of the association’s Cayman Islands Chapter.
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
The Cayman Islands Monetary Authority has signed a memorandum of understanding with the German financial services regulator.
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.
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.
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.
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.
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.
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.”
The government's budget appears to be great, but let's take a closer look.
The CFA Society Cayman Islands will hold its first Investment Forum on October 17 at the Grand Cayman Marriott Beach Resort.
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.
Master funds have increased by 41 per cent over the past year.
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 member countries of the European Securities and Markets Authority have not yet signed an agreement with Cayman enabling the marketing of Cayman funds.
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
A sizeable majority of investors say they place more value on information generated from outside a company than on traditional corporate reports.
Agreements will facilitate the marketing of Cayman hedge funds in the EU.
Hedge Funds Care Cayman has again partnered with the Cayman Islands Crisis Centre as major sponsors of the Children and Youth Programme.
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.
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
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.
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.
Cayman's inaugural 100 Women in Hedge Funds event will be held at the Westin Casuarina Resort this month.
The Chamber of Commerce held its West Bay candidate forum on Wednesday night.
The Cayman Islands Directors Association will run an additional Directors Accreditation Course in May 2013.
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.
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
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.
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.
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.
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 stories
The Caymans Islands Marketing Professional Services Association (CIMPA) recently held its first official training events for 2013.
Mourant Ozannes, in collaboration with international law firm Shearman & Sterling, will host a regulatory and SEC enforcement seminar on Friday 15 February from 2pm to 5pm at the Westin Casuarina Resort in Grand Cayman.
A member survey by the Cayman Islands Directors Association on the implementation of FATCA showed overwhelming support for conclusion of a Model 1 intergovernmental agreement.
Offshore law firm Walkers expects significant activity in the hedge funds market for 2013 as large investors return to the market.
Richard Coles, chairman of Cayman Finance, has called on the industry to give their full support to a recent initiative announced by the Cayman Islands Monetary Authority to enhance the industry’s corporate governance framework.
Jude Scott has announced that he is a candidate for George Town in the May elections in the Cayman Islands.
The Cayman Islands Monetary Authority is proposing to develop a searchable, public database of licensed and registered entities to facilitate the due diligence process for investors.
The Cayman Islands Marketing Professionals Association will host two seminars on Wednesday, 30 January on the financial services industry.