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This page is part of the  Issue: November 2006
 Global rankings
Staff Changes
Launching a Cayman Islands hedge fund
Conferences attended
Cayman Fund Focus Conference
Electronic filing for CIMA registered investment funds
Global Rankings
Campbells has been ranked highly in the independent Chambers Global Guide 2007 which has just been published (www.chambersandpartners.com). The Guide states that "this mid-sized outfit has a fine profile when it comes to commercial disputes on the islands and therefore thrives on referrals from larger players. Interviewees commend the tenacity with which the team pursues insolvency and liquidation, trust and general commercial disputes. Litigation partners Ross McDonough and Alistair Walters were individually ranked. The corporate department was also recognized with corporate partner John Wolf being described as "a quick, knowledgeable and efficient" practitioner where advice on structuring investments is required."
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Staff Changes
We are pleased to announce that Ian Dillon has joined the firm. Ian was born and educated in Ireland. Prior to becoming a solicitor, Ian worked in financial services first as a trainee underwriter and administrator and then with Fortis Fund Services in Dublin’s International Financial Services Centre. After graduating with an honours LL.B., Ian trained as a solicitor with William Fry Solicitors, one of Dublin’s leading commercial law firms. On qualification as a Solicitor in 2002 he joined William Fry’s Asset Management and Investment Funds and their Insurance groups. In 2004 Ian joined Pioneer Investments in Dublin as legal counsel in charge of their International Division products and corporate governance, and oversaw the conversion to UCITS III of Pioneer’s primary European UCITS Fund, the euro60 Billion Pioneer Funds.
Ian was admitted as a Solicitor in England and Wales in June 2006 and joined Campbells and was admitted as an Attorney-at-Law in the Cayman Islands in September 2006 where he specializes in the areas of investment funds, corporate law and governance, asset management and insurance law and will work closely with John Wolf and the other members of the corporate and investment funds team at Campbells.
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Launching a Cayman Islands hedge fund
John Wolf and Robert Searle have recently written the Cayman Islands chapter on launching a Cayman Islands hedge fund for the latest PLC Cross-border Private Equity Handbook. To download a copy please click here.
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Conferences attended
Robert Searle attended the GAIM Fund of Funds conference in New York on 18 – 20 September 2006.
John Wolf attended the Monaco Yacht Show on 20 – 23 September 2006.
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Cayman Fund Focus Conference
9
February 2007
Our forthcoming Cayman Fund Focus, hedge funds conference is scheduled to take place in Grand Cayman on 9 February 2007. Entitled the “The Life and Times of A. Hedge Fund”, from a carefully planned birth and spoilt childhood to delinquent adolescence, mid life crisis, retirement through to its final demise, Campbells 2007 Cayman Fund Focus will be based around the life cycle of a hypothetical fund. Speakers include local and international experts. A copy of the program can be downloaded from the following link. If you have any questions about this event, please contact John Wolf or Alistair Walters.
Copies of the programs for our 2003, 2004, 2005 and 2006 conferences are available by clicking on the relevant year.
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Electronic filing for CIMA registered investment funds
The Cayman Islands Monetary Authority has recently announced that it is implementing an electronic reporting initiative for all CIMA registered investment funds in early 2007. Under the initiative, information which is currently filed in hard copy form (generally in the audited accounts) will instead need to be filed electronically via a secure system. The information which is filed will remain the same and the new initiative merely requires it is filed electronically through the prescribed system instead of in hard copy. Generally, it will be the fund’s auditors who will input and submit the information required annually. Information will continue to be kept confidential and no individual fund information will be released. It is not viewed as placing any additional regulatory burden on Cayman investment funds.
This initiative is seen as a positive development which will be beneficial to the Cayman Islands and the investment funds industry generally. It will make it possible for CIMA to derive statistical information (on an aggregated basis) which can be used to properly manage CIMA’s resources and to help it represent the industry accurately on an international level. For more information, please click here to CIMA’s web site.
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