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Cayman commits to G5 multilateral exchange pilot

From Hedgeweek The Cayman Islands has indicated to the UK government that it is committed to joining the G5 pilot, recently announced by the UK, France, Germany, Italy and Spain, on multilateral automatic exchange of tax information. This decision follows…

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Hedge fund valuation practices under scrutiny

From Risk Hedge funds are hiring independent experts to price complex and illiquid assets as investors and regulators intensify their scrutiny of valuation practices. “Valuation is a huge reputational risk,” says Cyrus Borzooyeh, chief financial officer at Reservoir Capital Group,…

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Award-winning author Lauren Oliver presents final book in bestselling Delirium Trilogy

In her New York Times bestselling Delirium trilogy, award-winning young adult author Lauren Oliver challenges readers to imagine a dystopian society where love is dangerous and forbidden. The series that has taken the world by storm comes to a thrilling…

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TSA delays change allowing knives on planes

Opponents of the policy change attributed its reversal to ‘a huge backlash’ from flight attendants, airline executives and lawmakers. It looks as if you won’t get to bring that pocket knife on your next flight after all. The Transportation Security…

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Stocks are trading like bonds: implications for investors

From Seeking Alpha I wrote a piece earlier this year in which I pointed out that the S&P 500 had been trading in a relatively narrow dividend yield range since October 2009. Up to that time, the dividend yield on…

ISLAND HERITAGE CHARITY DRIVE A SUCCESS

PRESS RELEASE FOR IMMEDIATE RELEASE: ISLAND HERITAGE CHARITY DRIVE A SUCCESS (Grand Cayman, 24 April 2013) For three days in April, the people of Grand Cayman helped Island Heritage Insurance Company show their support for local charities by participating in…

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Money remittance into tax havens tops $1.6 bln in 2012: data

SEOUL, April 22 (Yonhap) — The value of money remittance made by South Korean companies into offshore tax havens rose 56 percent last year from the previous year, data showed Monday, amid a nationwide drive to expand tax bases as…

The deVere Group ventures into the Cayman Islands

The deVere Group, the world leaders in international financial consultancy, is delighted to announce that it is to establish a new regional presence in the Cayman Islands and is days away from opening its doors to prospective clients living in…

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DMS celebrates Earth Day with coastal cleanup and party for the planet

 Caymanian business conglomerate DMS celebrated Earth Day 2013 with its customary cleanup, busing a team of forty-eight employees to Grand Cayman’s eastern districts for its annual event. Several hours of hard labour that included DMS founder and President Don Seymour…