Archive: Start-Up Managers
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Aug 28, 2012
No CommentsForming A New Cayman Limited Partnership Vehicle
Lindsay Fiduciary Services (LFS) is licensed and regulated by the Cayman Islands Monetary authority to act as a partnership formation agent. LFS may complete the Cayman exempted limited partnership formation process in a few easy steps. These are set out below. Selecting a name for your exempted limited partnership Choose two names- one that you...
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Aug 27, 2012
No CommentsEasy Steps To Incorporate A Cayman Company
Lindsay Fiduciary Services (LFS) is licensed and regulated by the Cayman Islands Monetary authority to act as a company formation agent. LFS may complete the Cayman company formation process in a few easy steps. These are set out below. 1. Selecting a name for your company Choose two names- one that you would ideally like...
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Aug 23, 2012
No CommentsInvesting in China: “The best time to plant a tree is twenty years ago. The second best time is now.”
Some would agree that investors with a focus on China have more of a long-term outlook. Those long-term thinking investors who made informed decisions years ago probably predicted today’s current trend to invest more deeply in companies with a focus on China. In addition to China, stakeholders are investing in other parts of Asia. Those...
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Aug 13, 2012
No CommentsMore Registration Requirements Coming For Cayman Fund Directors?
Lindsay Fiduciary Services (“LFS”) is a firm licensed and regulated by the Cayman Islands Monetary Authority (“CIMA”) to provide professional independent directors to Cayman Islands-based investment funds. In addition, LFS directors are approved by CIMA. This is not the case for other persons who may act as directors of Cayman Islands funds. In order to...
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Jul 22, 2012
No CommentsLFS: Optimism In Uncertain Times
These days, when we listen to the news, we hear about Europe’s troubles, North America with its slowed growth and a slightly unpredictable China. This leaves some investment fund managers and investors contemplating their next steps i.e. whether to “wait and see” as to what will happen to existing investments or to put all...
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May 22, 2012
No CommentsHFMweek’s 2012 Cayman Corporate Governance Report
HFMweek has now published its 2012 special report on the Cayman Islands. Some of the discussions in the report relate to independent directors and the need for better corporate governance practices of fund directors, including Cayman funds. Please read my commentary here which is included in the HFMweek report. About the Author: Alric Lindsay is...
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Mar 31, 2012
No CommentsCayman Regulator and SEC Enter Cooperation Agreement
The Securities and Exchange Commission (“SEC”) and the Cayman Islands Monetary Authority (“CIMA”) recently entered into a memorandum of understanding (“MOU”). Under the MOU, it is the intension of the regulatory bodies to consult, cooperate and exchange information regarding Cross-Border Regulated Entities (as defined in the MOU). Such information includes (but is not limited to):...
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Feb 14, 2012
No CommentsFund Governance: Going Beyond The Due Diligence Checklist
Corporate governance practices of Cayman Islands directors are under close scrutiny; seed investors, investment managers, due diligence firms, regulators and others are analyzing board compositions, capacity issues, competence and debating whether current structures offer enough independence to protect hedge funds and their investors. Board Composition For a hedge fund registered with the Cayman Islands Monetary...
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Oct 12, 2011
No CommentsPayscales of Cayman Islands Independent Directors
A Cayman Islands independent director may have a good track record, limited number of directorship appointments (therefore, making sufficient time available for each Cayman Islands fund board on which he serves as a director), be knowledgeable about fund structures and possess the necessary competence to properly discharge his legal and fiduciary duties. However, on any...
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Oct 07, 2011
No CommentsCayman Islands Resident Directors
According to the statistics published in a recent newsletter of the Cayman Islands Monetary Authority (“CIMA”), over 9,000 investment funds are registered with CIMA. The boards of directors of these funds often include one or more resident Cayman Islands directors, along with a representative of the fund’s investment manager or other service provider. The purpose...
