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Cayman Islands: Understanding The AIFMD distribution landscape

By Derek Delaney From DMS Offshore Investment Services “I was in Chicago recently. A German pension fund said they had a USD500m allocation in a Chicago-based fund. They wanted to know that they could continue having a relationship with the…

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Cayman Swimmers make CARIFTA cuts; set new CIASA, National and Club Records over Five Intense Days

George Town, Grand Cayman, 23 February 2015: The Dart sponsored Cayman Islands National Swimming Championships, took place February 19th – 21st and saw swimmers face some of Cayman’s coldest weather in a long time as they suited up in pursuit…

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Tech More: Gilt Groupe E-Commerce

By Jillian D’onfro From Business Insider Four years ago Gilt Groupe was the hottest startup in New York — Here’s what happened Four years ago, luxury flash-sales startup Gilt Groupe was one of the buzziest e-commerce startups in the world,…

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Minister Hylton calls for continued dialogue towards IP in the Caribbean

From First Look Minister of Industry, Investment and Commerce, Hon. Anthony Hylton is calling for continued dialogue towards a more robust and effective Intellectual Property (IP) administration in the Caribbean. Minister Hylton was speaking at the World Intellectual Property Office…

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iNews Briefs

Cayman Islands Dep Governor says Cuban migrants negotiations taking longer than expected Cayman Islands Deputy Governor Franz Manderson and other government officials have been in negotiations with their Cuban counterparts since the beginning of 2014 to formulate a new memorandum…

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Come clean with your account, Pua told 1MDB CEO

By Adrian Phung From the Sun Daily KUALA LUMPUR: A DAP lawmaker Tony Pua is urging newly appointed 1Malaysia Development Board (1MDB) chief executive officer Arul Kanda Kandasamy to come clean on the whereabouts of the US$488 million (RM1,776 million)…

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HSBC Malta announces €52m profit, down 42% from 2013

From the Times of Malta HSBC Malta said today it made a pre-tax profit of €52m in 2014, down by €38m, or 42%, compared to the previous year. Cost efficiency ratio was 57%, against 50% in 2013. Return on equity…

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Bahamas PM urges continued IDB support for the Caribbean

From CARICOM Today NASSAU, Bahamas, CMC – Bahamas Prime Minister Perry Christie says Caribbean countries are still suffering from the effects of the recession but were continuing to put in place measures to ensure their future socio-economic development. Christie, who…

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Economic growth of CARICOM region set to improve as harmonised customs bill nears finalisation

A momentous 12 year effort to bring to pass a much-coveted harmonised customs bill for the Caribbean is now in its final stages. The bill is intended to foster economic growth in the region, which will ultimately contribute to the…

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BP faces $13.7 billion fine for gross negligence

By Amanda Bronstad, From The National Law Journal BP PLC could face up to $13.7 billion in civil penalties under the U.S. Clean Water Act for its role in the Deepwater Horizon oil spill, according to a federal judge’s ruling…