First Trust plans active commodities ETF [through Cayman Islands]
By Olly Ludwig, Index Universe First Trust, the money management firm known for niche strategies such as an Internet-focused ETF, filed regulatory paperwork detailing plans to market an active futures-based multi-commodity fund, though it will achieve its exposure indirectly by…
FFR finally passed into law
The Framework for Fiscal Responsibility (FFR) as set out in the Public Management and Finance (PMFL) amendment bill was finally passed into local law in the Legislative Assembly on Thursday (15) afternoon. The three UDP back-benchers, Ellio Solomon, Dwayne Seymour and Cline…
Turkey ruling party wins election with reduced majority
Near-complete results from Turkey’s election show the Justice and Development Party (AKP) of PM Recep Tayyip Erdogan has won a third term. With 99% of ballots counted the AKP had 50% of the vote, which local media said translated to…
Simmonds pledges UK’s support for OT’s
The Minutes from the Deputy Governor and Chief Officers’ Meeting held on Monday, 29th October shows a report from Deputy Governor (DG), Franz Manderson, who gave an overview of his visit to the UK sharing the contents of the meeting…
Unwinding, unplugging at Marriott and Renaissance resorts
By Gay Nagle Myers The collection of Marriott and Renaissance Caribbean & Mexico Resorts offers a solution for a stress-free, digital-free vacation for guests trying to relax or feeling pressured to be connected 24/7 to their job. The nine resorts…
CINICO announces completion of research to measure customer satisfaction
CINICO, the insurance company for Cayman’s civil servants, is pleased to announce the completion of a multi-phased market research project aimed at gauging customer satisfaction which included a series of focus group discussions and an online survey. Local public relations…
U.S. Bancorp : Fund Services Acquires AIS Fund Administration
11/13/2012| 04:10pm US/Eastern U.S. Bancorp Fund Services, LLC (“USBFS”), a subsidiary of U.S. Bancorp (NYSE:USB), announced it has agreed to acquire AIS Fund Administration (“AIS”), a leading provider of fund administration and related services to alternative investment managers. The transaction…
Mysterious woman in DUI case against minister disappears
A woman who was seen sitting in the passenger seat of Education Minister Rolston Anglin’s car, when it crashed into bushes by the Avalon condos, disappeared and no one knows who she was, including the Minister. This was revealed on…
Israeli air strike kills Hamas military chief Jabari
The head of the military wing of the Palestinian Islamist group Hamas has been killed during Israeli air and naval strikes in the Gaza Strip. Ahmed Said Khalil al-Jabari and another Hamas official died when the car they were in…
