Unravelling
Complexity

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Unravelling Complexity

76 Results

The liquidity conundrum
Investment Funds

The liquidity conundrum

In response to market pressures which range from quant and index funds to political and economic factors, in order to seek alpha and deliver returns to investors hedge fund managers are increasingly looking to less liquid strategies such as private credit, private equity and infrastructure.
Enhanced AML supervisory powers given to CIMA under money laundering legislation
Investment Funds

Enhanced AML supervisory powers given to CIMA under money laundering legislation

Under recent changes to the Cayman Islands Anti-Money Laundering Regulations (AML Regulations), the powers of the Cayman Islands Monetary Authority (CIMA), as the supervisory authority for anti-money laundering in the Cayman Islands, have been enhanced to allow CIMA to obtain information in relation to any relevant financial business from a broader category of persons than was previously the case.
Adding an offshore vehicle to your fund structure
Investment Funds

Adding an offshore vehicle to your fund structure

In this Article, originally published by HFM, our Co-Global Head of Investment Funds Phil Graham examines how US managers can bolster their offering by adding an offshore fund to their structure.
Pre-marketing and reverse solicitation of hedge funds
Investment Funds

Pre-marketing and reverse solicitation of hedge funds

In this article, first published by Hedge Fund Insight, Vanessa Molloy and Chiara Deceglie discuss pre-marketing and reverse solicitation of hedge funds.
British Virgin Islands: No extension to FATCA and CRS reporting deadline for reporting Financial Institutions
Regulatory and Tax

British Virgin Islands: No extension to FATCA and CRS reporting deadline for reporting Financial Institutions

The BVI ITA announced yesterday that the FATCA and CRS reporting deadline for all reporting Financial Institutions (FIs) other than Trustee Documented Trusts (TDT) remains 31 May 2019. TDTs with CRS reportable accounts have until 28 June 2019 to complete their CRS reporting for the 2018 calendar year.
Economic substance in the Cayman Islands
Investment Funds

Economic substance in the Cayman Islands

The International Tax Co-operation (Economic Substance) Law (the ES Law) was introduced in the Cayman Islands on 1 January 2019 in response to OECD’s Base Erosion and Profit Shifting framework and related EU initiatives in relation to what are known as ‘Geographically Mobile Activities’. Under the ES Law any relevant entity which carries on a relevant activity and receives relevant income in a financial period must satisfy the economic substance test in relation to that activity (ES Test) and make an annual filing with the TIA. Aside from the basic filing requirements, a relevant entity which does not carry on any relevant activity is not required to satisfy the ES Test. Harneys has issued a guide to assist directors and operators of Cayman Islands companies and limited liability partnerships.