The business of running a hedge fund:

2010 was a transformative year for the hedge fund industry and served as a strong reminder that managing money is not the same as running a business. 

Asset fire sales and purchases and the international transmission of financial shocks

Main Story: Grey Matters Pab Jotikasthira, Christian T. Lundblad & Tarun Ramadorai, Asset fire sales and purchases and the international transmission of financial shocks...

Grey matters

 Barriers to Market Discipline: A Comparative Study of Mortgage Market Reforms; A Partial Race to the Bottom; The Financial Crisis and the Forgotten Law of Contracts... 

Government debt to be monetised?

Almost certainly the “unlegislated tax”1 of inflation will be the consequence of the debts that the governments of Europe, Japan and the US have accumulated. Inflation is a very regressive tax and it is dishonest and divisive, but it usually is more politically popular than the alternatives of cutting spending or raising explicit taxes.

Finding balance in a tough economy

The scenario is no different when it comes to governments, with some of the largest economies in the world struggling with enormous deficits and record borrowing that have pushed some into teetering on the brink of collapse.

Grey matters

Two recent literature surveys on hedge funds offer useful summaries of the relevant academic literatures.

 

Conference Review – Cayman and compliance: light at the end of the tunnel?

Review of the Caribbean Regional Compliance Association Conference held 10-11 November 2008 at the Hyatt Regency Port of Spain in Trinidad.While it’s in some views a true Caribbean success story, an offshore darling that’s skyrocketed to a prominent position in global banking, the Cayman Islands still bears a weighty albatross on its shoulders.

White List, will the Cayman Islands remain a key player in investment funds?...

There has been a great deal of attention focused on the Cayman Islands these past few months, more so than usual. Much of the debate as to what to do about the so called ‘tax havens’ has ranged from the White House, the G8 and the G20 to the Organisation for Economic Co-operation and Development.

Private equity investment into Africa: The Cayman and Mauritius route

The invitation in December 2010 by China to South Africa to join the BRIC group of major emerging economies, to create the ‘BRICS’ acronym, has heralded a new dawn, not only for the nation of South Africa, but arguably for the continent of Africa as a whole.

Hedge Funds: Here to stay?

From our vantage point in early 2010, we look back on the roller coaster ride of the past two years and see the tremendous change that our industry has endured. There were the heady days in late 2007 when assets under management (AUM) peaked ...

Defrauded in the Bahamas: What is your best option?

Fraud occurs in the Bahamas just as it does elsewhere in the world and the options upon the discovery of fraud are much the same in the Bahamas as they are elsewhere.

 

Bosnia, a banking system without a Lender of Last Resort facility

Bosnia and Herzegovina (BiH) has been an independent country for almost 20 years. During that time its banking system has been through a complete...
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Substance over form: the sine qua non of international tax planning in the age...

In October 2015, the Organisation for Economic Co-operation and Development (OECD) issued its report on its BEPS Project titled: OECD/G20 Base Erosion and Profit...

Grey matters

Niall Coffey, Warren B. Hrung, Hoai-Luu Q. Nguyen & Asani Sarkar, The global financial crisis and offshore dollar markets, Current Issues in Economics and Finance, vol. 15, no. 6 (October 2009) available at http://www.newyorkfed.org/research/current_issues/ci15-6.pdf

Transparency for fund directorships: It’s already here

The Cayman director class has not helped its cause as some (but by no means all) of its members resist exercising self-restraint, do not limit the number of directorships they take on, and become rather defensive and secretive when asked about the number of directorships they hold.

 

Naked shorting and market volatility

In the summer of 2010, amidst the European debt crisis, the German Finance Minister Schäuble, when commenting on the financial industries complaints about financial reform, said “if you want to drain a swamp, you don’t ask the frogs for an objective assessment of the situation”.

Is a preapproval regime for complex financial products feasible?

Usually, discussions of the risks posed by complex financial products focus on the people and institutions that invest in those products. This ensures that...

Known to me

Unfortunately, being a man or woman of your word is not an acceptable regulatory standard for compliance. Gone are the days when it was acceptable...

Volatility in the rare earth materials

  There are exciting nanotech approaches to many of the high-growth sectors that presently rely on rare earth materials.   

Cayman Finance

  For more information contact:Cayman Financec/o Tower Marketing494 Shedden RoadGrand CaymanCayman IslandsT: +1 (345) 623 6700E: [email protected] W: www.caymanfinance.kyBack to Main Story:The US election...