Bringing you live news and features since 2006 

Michelle Carroll, partner, investment management division, BDO

CIMA public consultation is ‘a welcome step forward’

RELATED TOPICS​

Michelle Carroll, Partner, Investment Management Division, BDO LLP on the changes to the disclosure of funds and directors in the Cayman Islands…

CIMA’s public consultation is a welcome step forward as it should help reduce the misconceptions some investors and politicians have over the Island’s legitimacy as a global hedge fund centre.  Having said that, no one should invest in a fund aimed at sophisticated investors without first going through a thorough due diligence process which should include interrogation of the competency of the fund’s directors.  These directors are not hard to find and, in my experience, are very happy to meet and talk through their policies and procedures.  If you don’t like their answers or can’t get hold of them, you shouldn’t invest, regardless of whether they are authorised by CIMA.

Cayman has a challenge which it is vital to meet in order to ensure that it continues to be a global hedge fund centre. CIMA’s consultation should produce some useful recommendations which,  I’m sure, CIMA will adopt.  The key to its success though will be making sure that those changes made are credible because if the market suspect they are just a whitewash, then the Cayman Islands will become a less attractive place to do business.

Latest News

BlackRock s iShares an undisputed leader among European ETF issuers pushed further ahead in Q1 with EUR173 billion in trades..
European ETFs raised USD47 8 billion in Q1 a 15 per cent increase compared to the same period in 2023..
LSEG Lipper s March report finds that globally equity ETFs +EUR113 2 billion enjoyed the highest estimated net inflows for..
Morningstar has published a review of the European ETF market for the first quarter 2024 which finds that it gathered..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs share of the US ETF market rose to 8 5 per cent at...
Kristen Mierzwa, FTSE Russell
Index Investments Group IIG a division within index provider FTSE Russell has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023 with an introductory suite of 11 ETFs seven thematic and four fundamental...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by