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Cayman Funds 2016

THRIVING IN THE FACE OF CHANGE The Cayman Alternative Investment Summit again attracted world-class delegates to Cayman earlier this year. The well-attended event highlighted the positives in Cayman yet also the challenges the industry faces from forces which are largely external. The hedge funds industry is thriving at the moment yet it is also vulnerable to external forces beyond the immediate control of the jurisdiction, delegates at the Cayman Alternative Investment Summit (CAIS), which took place in Grand Cayman in February 2016, learned. This year’s CAIS event, which featured Jay Leno and Richard Branson as headline speakers, attracted more than 500 delegates, a record number for the conference, with many who had travelled from overseas to attend. Aside from the celebrity side of things, the well-attended panel sessions featured some of the biggest names in hedge funds, global fi nance and economics. While some speakers underlined the positive attributes of the Cayman Islands as a jurisdiction, most discussed the funds world in a global context—highlighting the many external factors that affect its prosperity. Looking at these external challenges, Jack Inglis, CEO of the Alternative Investment Management Association (AIMA), chaired a debate that considered global concerns of an emerging market-led meltdown and examined the true state of affairs in these economies, as well as the likely success of reforms aimed at shoring them up. Inglis outlined the negative sentiment infi ltrating emerging markets at the moment, where equities have underperformed by 70 percent over the past fi ve years. With emerging market stocks down 20 percent and currencies down 40 percent in the past two years, the outlook is bleak, he said, for an asset class which seems to alternate between offering huge hope and huge disappointment. 66 CAYMAN FUNDS | 2016


Cayman Funds 2016
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