A Ucits version of a strategy offers better investor protection than a Cayman Islands hedge fund when things go sour, says Jason Nelms, a funds partner at law firm Morrison & Foerster (MoFo).
Tag: Cayman Islands
Cayman funds shrink in Hong Kong
Locally-domiciled funds in Hong Kong continue to grow, while Cayman Island funds saw a drop in number and assets, according to the Securities and Futures Commission’s second quarterly report.
Singapore’s new structure to rival Cayman funds
Will Singapore’s new corporate structure for traditional and alternative managers grow at the expense of Cayman Island-domiciled funds?
Update: Cayman court’s first valuation verdict on minority side
East Capital, a Sweden-based asset manager, specialising in emerging and frontier markets, said it won a landmark case in the Cayman Islands defending the rights of minority shareholders.
Hong Kong SFC fines Phillips Securities over fund mis-selling
The Hong Kong Securities and Futures Commission (SFC) has reprimanded and fined Phillip Securities $1m for failings in selling a fund to four clients who lost their investment.
Investors to recoup $25m from Hong Kong hedge fund collapse
The Securities and Futures Commission has recovered HK$191m ($24.6m) of assets from the Cayman-domiciled Athena Fund, which was a product from asset manager Descartes Athena Fund SPC. “The SFC alleges the Athena Fund was an outright fraud,” said Mark Steward, the SFC’s executive director of enforcement. “Our action to have the assets frozen prevented them […]
