June 19, 2021

The European Alternative Investment Fund Managers Directive and Cayman Funds

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Article by Derbhil O’Riordan Taken from Cayman Finance Last Updated: 14 July 2014 The Alternative Investment Fund Managers Directive, 2011/ 61/ EU (AIFMD), came into force on 22 July 2013, affecting the management and marketing of Alternative Investment Funds (AIFs) in the European Union (EU). As well as harmonising the rules applicable to management and […]

Cayman Islands: The cost of compliance

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Article by Jonathan Cohen, Source: Cayman Finance In recent years, an avalanche of regulation has significantly increased the costs of compliance within the hedge fund industry, with looming change and uncertainty ever present. It is widely known that hedge fund assets, originating from institutional investors, have grown significantly since the financial crisis. The compelling and […]

Cayman Islands and Luxembourg funds: Options and considerations for managers

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From Opalesque Opalesque Industry Update – The structure and domiciliation of a fund vehicle are integral to the set up of a fund from multiple perspectives. Tax, investment strategy, investor base, cost and speed of set up, regulatory environment, and increasingly the perceived ‘marketability’ of the fund, all play a part in the decision making […]

DMS Offshore Investment Services – Best Offshore Regulatory Advisory Firm

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By James Williams From Hedgeweek DMS Offshore Investment Services (‘DMS’) was established in the Cayman Islands by Don Seymour (pictured) in 2000. Over the past 14 years it has grown into one of the industry’s leading fund governance firms with over 200 people. “It’s been a 14-year overnight success,” says Seymour with tongue firmly in […]

Cayman still reigns supreme

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By Charles Gubert From CooConnect Among the many findings in the UK Financial Conduct Authority’s (FCA) just published Hedge Fund Survey is the “revelation” that the EU’s Alternative Investment Fund Managers Directive (AIFMD) has not facilitated an exodus of managers moving onshore. The survey of 49 firms running $345 billion in Assets under Management (AuM) […]

Gibraltar: The new Cayman for European funds

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By James Lasry From Hassans The Alternative Investment Funds Managers Directive (“AIFMD” and / or the “Directive”) has dichotomised the funds industry into EU and non-EU funds jurisdictions. This has put Gibraltar which was one of a dozen such domiciles into a category of one of four European alternative fund domiciles. This is particularly significant […]

iNews Briefs

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Death of police officer  – RCIPS Commissioner instructs independent review (RCIPS) Following a directive from Police Commissioner David Baines that an independent review of the circumstances surrounding the arrest, and the subsequent death, of Police Constable Raphael Williams should take place, the review, by officers from the Bermuda Police Service, began on Tuesday (28 January). […]

Cayman Islands: Managers need to take a multi-adviser approach

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Article by Matt Mulry Dillon Eustace Although the AIFM Directive is uniform EU-wide regulation each member state is likely to adjust its national private placement regime rules idiosyncratically. For managers of non-EU funds, therefore, it’s important that they are clear on the rules if they intend to continue marketing to Europe. “Where managers have Cayman […]