Comparing qif’s and sif’s to Cayman Funds: Managing the myth

To answer this question, it is necessary to have a brief look first at the features of QIFs and SIFs to try to identify what, if any, advantages they offer over Cayman funds; and secondly to consider the expected treatment of QIFs, SIFs and Cayman funds under the AIFM Directive. This inevitably involves some crystal ball-gazing as, at the time of writing, the EU legislative sausage-making process in the trialogues has not concluded.

Fighting back

Would the world be better or worse off if there were no so-called offshore financial centers? For those who can think beyond “stage one” and have a good grasp of economics, the unambiguous answer to the question is the world is better off.   

 

Jersey ensures its regulatory landscape evolves

One of the factors that helps maintain Jersey’s leading position as an International Finance Center is its willingness to refine and enhance its regulations consistently to meet investor needs.   

 

Hedge fund due diligence: The last line of defence

Investors expend substantial time and resources on due diligence. However, much of their efforts are front loaded, focused on quantitative measures with a bias towards initial due diligence, ie spotting the “bad apples” before they are included in a portfolio

Quarterly Review

Cayman’s economy expanded 1.5 percent in first quarter.  The Cayman Islands gross domestic product expanded in the first quarter, boosted by significant growth of more than 4 percent in tourism-related sectors, including hotels and restaurants, transport and retail. 

 

About IMAC

Back to Main Story: Growth with purpose Canada TIEA establishes a new era for Cayman captives  The Insurance Managers Association of CaymanThe Insurance Managers Association of Cayman...

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 ...

The real state of the real estate market

Some of this is the fault of the media which in recent times has become much more of a sales tool than an objective source of information. But I think some of it is also the result of focusing on short term trends rather than taking a longer term view.

The offshore world: Past, present and future?

The reputation of many jurisdictions, or so called ‘tax havens’, has been attacked by other nations, most which fail to apply the same policies that they advocate for others. 

 

Offshore financial centers in the global capital network

Some authors suggest that tax competition between governments is as productive as competition between firms, while others argue that it creates a free rider economy and increases inequality. 

 

 

CIFSA: The road ahead

As the Cayman Islands Financial Services Association (CIFSA) celebrates its 5th anniversary as the central voice of the financial services sector in the Cayman Islands, it is only appropriate that we examine the work being performed by this association that represents such an important part of the Islands’ economy and discuss their vision for the future of the industry here.

Making offshore account holders disclose

Main Article:Grey mattersSusan C. Morse, Making offshore account holders disclose, available at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1489026 AbstractThis article considers the compliance issues raised by individual tax payer...

Private fund performance after the Dodd-Frank Act

The American private fund industry is a significant representative of Wall Street’s interests and regulating hedge funds was a politically sensitive undertaking since the inception of the industry 

 

IFC Forum: Activities update

Our members come from the professional services and financial industries in small international financial centres.  In the Cayman Islands, our members include Appleby, Butterfield, Harneys, Intertrust, Maples and Calder, Mourant Ozannes, Rawlinson & Hunter and Walkers.

 

Taking the softly softly approach

During the course of the fund industry’s slow yet sure recovery from the fallout of the global credit crisis, it has become increasingly apparent that prudently structured investment funds of all types should strongly consider including provisions in their constitutional documentation contemplating a “soft wind down”.

Grey matters

 Read our article in the Cayman Financial Review Magazine, eversion     Paul B Miller, The Future for Business Trusts: A Comparative Analysis of Canadian and American...

Privacy again at stake in BEPS fight

Problems with the OECD’s work on Base Erosion and Profit Shifting (BEPS) are numerous and will likely lead to a variety of negative consequences....

Grey matters

Hedge Funds   Hedge Fund Activism, Poison Pills, and the Jurisprudence of Threat William W. Bratton U of Penn, Inst for Law & Econ Research Paper No. 16-20,...

Grey matters

     Douglas W. Arner & Cyn-Young Park, “Global Financial Regulatory Reforms: Implications For Developing Asia”, ADB Working Paper Series On Regional Economic Integration No. 57Available...

Will the trust revolution make lawyers redundant?

What differentiates modern economies such as those of present-day Europe and North America from their primitive ancestors of 500 years ago? People living today...
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