Archive: Uncategorized
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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 25, 2012
No CommentsTo Russia, With Love
Pre-financial crisis, some managers from the Western world might have said that Russia was a risky place to invest. And if a joint venture was contemplated with a Russian party, extensive due diligence would be requested. There is always a question, however, whether this approach is taken because Russia is a high risk country or based on...
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Aug 16, 2011
No CommentsDoes Experience Equal Competence?
Experience is an important factor when choosing a director for a Cayman fund. However, query what weight stakeholders put on this and whether experience equals competence. What is experience? As a general concept, experience “comprises knowledge of or skill in or observation of some thing or some event gained through involvement in or exposure to...
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Aug 11, 2011
No CommentsSpiraling Market Fear
If you are a hedge fund service provider, you may have recently faced increased scrutiny by managers and seed investors. The initial questions may be why you now have to complete an extensive checklist, undergo in-depth due diligence, play endless phone tag and meet face-to-face, prior to even being considered as a service provider for...
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Aug 10, 2011
No CommentsManagement Company Relocation
Cayman has such a close proximity to New York and major financial centres that it makes sense for a start-up manager to consider setting up a Cayman-based investment management company or for an existing manager to move operations there. Other than the reasonably low set up cost, one thing for managers to consider is whether...
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Aug 09, 2011
No CommentsMoney Laundering Haven?
The Caymans have a reputation as the top offshore domicile for hedge funds. They are also victims of bullying by international newspapers and financial periodicals seeking to discourage offshore investment. The mistreatment of the Caymans is reinforced by the policies and threatened sanctions by “Big Brother”, who wishes to retain investor capital...
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Aug 04, 2011
No CommentsThe Next Crisis
It would be great to have a crystal ball to predict when the next hedge fund scandal will occur or the date that the next bubble will burst. One way to utilize this information is to equip oneself with the tools to manage throughout a crisis or, perhaps, avoid it altogether. Another...
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Aug 03, 2011
No CommentsWill you be taxed on incentive fees?
Investment managers of offshore corporate funds may earn management fees calculated as a percentage of a fund’s assets and/or incentive fees based on the performance of a share class. Computing the management fee is unproblematic, however, the incentive fee may be cloaked with whistles and bells and requires attention to detail in determining when...
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Aug 02, 2011
No CommentsHow To Change Directors Of Your Cayman Fund
The golden “how to” rule is to always check a fund’s articles of association and the terms of the shareholder’s agreement (if any). Invariably, the type of resolution (i.e a resolution of the directors versus a resolution of shareholders) required to effect a removal or appointment of a director or the circumstances which result in...
