Cayman Islands
SFC recovers $190m after collapse of hedge fund
The Hong Kong Securities and Futures Commission has helped hundreds of investors recover their money after a failed hedge fund allegedly defrauded them out of more than $190m (£120m, €170m).
Directors of Belvedere Brighton SPC resign
Cayman Islands-domiciled fund Brighton SPC has been suspended and its board of directors have resigned as it fights allegations that came to light last week which could impact investors access to their assets.
North America | 20 Mar 15
Cayman Islands launches FATCA portal
The Cayman Islands Tax Information Authority has launched an online portal to allow local financial institutions to report information required under the US Foreign Account Tax Compliance Act (FATCA).
Incompetent directors escape record 111m fine
The highest court in the Cayman Islands has thrown out a record fine given to two directors who operated a fund which caused investors to lose millions.
Infini opens flagship product to public
Infini Asset Management has opened its flagship product to third party subscriptions.