Showing posts with label Alternative Investment Operational Due Diligence. Show all posts
Showing posts with label Alternative Investment Operational Due Diligence. Show all posts

Wednesday, April 11, 2012

DMS invites students to apply for the annual GAIM Ops

DMS Offshore Investment Services will provide the opportunity for one Caymanian student to gain exposure to the financial services industry by attending the upcoming hedge fund conference.
Fund governance firm DMS partnered with South Street Capital Management LP and GAIM to present the GAIM Ops Scholar Award at the seventh annual GAIM Ops Cayman conference, hosted at The Ritz-Carlton, Grand Cayman from 22-25 April.
All Caymanian students between the ages of 15 and 18 who are considering a career in financial services are encouraged to reach out and submit in 100 words why they should be chosen to attend this event.
GAIM Ops Cayman is recognised as the premier hedge fund industry event that strengthens operational due diligence in response to game-changing hedge fund industry trends. The conference serves as a platform to educate and inform industry professionals on critical issues and provide an opportunity to discuss possible changes to due diligence and compliance processes moving forward.
Leading institutional investors from around the world convene in the Cayman Islands each year to see, first-hand, the institutional quality excellence in fund governance that has contributed to Cayman being the No. 1 jurisdiction for hedge funds.
The short-list of applicants will be invited to DMS House in George Town prior to the conference to attend a complimentary Hedge Fund 101 workshop, which will also provide an educational opportunity for students who would otherwise not have the exposure to Cayman’s financial services industry.
Don Seymour, founder of DMS and a managing director, said, “The hedge fund industry is the most important industry in the Cayman Islands, however, the GAIM Ops conference had not been accessible to many young Caymanians due to the steep ticket price of $4,100. For the second year, DMS is looking for applications from local students between the ages of 15 and 18 for the GAIM Ops Scholar Award to share this incredible learning experience of GAIM Ops with deserving young Caymanians. We are grateful to GAIM and South Street Capital Management LP for their assistance in implementing the award and for caring about the Cayman Islands community,” Mr Seymour said.
He added, “It was my pleasure to provide guidance to Ralston Thorpe, the award recipient from 2011, throughout the conference, helping him to network and understand the issues being discussed. The feedback on him was excellent, and DMS looks forward to offering the same opportunity to another bright and ambitious young Caymanian this year.”
Via Compasscayman.com

To Register and learn more about GAIM Ops Cayman, please visit click here.


If you are attending GAIM Ops Cayman 2012, DMS invites ODD professionals to join them in interactive sessions: "Look Inside DMS House," to perform an in-depth due diligence review of DMS FUND GOVERNANCE SM and FUND GOVERNANCE TRANSPARENCY REPORT SM, including a walk-through of DMS House where you'll see the inner workings and meet the teams behind the breakthrough methodologies. Contact jsuto@dms.com.ky to arrange an appointment time or click here to find out more...



Thursday, December 2, 2010

US Treasury Will Reach Decision on Foreign Exchange Swaps by July

As an addendum to last week's post on the SEC and CFTC's new push for more transparency on real time reporting of swap trades, a new article in Reuters details how the US will be set to decide if to exempt foreign exchange swaps and forwards from these new derivatives regulations. The US government is going through all legitimate comments made by the public that argue a risk involved.

Politicians criticize that if such exemptions were to be honored it would create loopholes in the system. What do you think?

Friday, February 20, 2009

Tom Berner, Regulatory Reform: Change We Can Believe In

Tom Berner guest blogged for Sunshine Notes a report on regulatory reform and how it will change with the Obama administration. Berner notes two principles which should guide President Obama’s regulatory proposals.

1. You cannot improve or regulate the way the market system works, but most of the world economy operates in a bastardised form of market system where psychology and politics, institutionalized by the existing structure of the economy, alter the way the market functions.

2. The immortal Roman question, “Quis custodiet custodes?” (”Who will watch the watchdogs?”) should never leave President Obama’s consciousness.

Berner expands on both principles in his post. What do you think this will mean for the future of finance? We'd like to hear your thoughts.

Friday, January 30, 2009

Latest updates from the Madoff scheme

Bloomberg recently recounted all of the events that have currently happened since the Madoff scheme was busted. Madoff Enablers Winked at Suspected Front-Running take an in-depth look at the events that have occurred up until this time.

Monday, January 19, 2009

Fee structure for hedge funds in question

Recently at the Wall Street Journal, they question whether the current fee structure for hedge funds is still working due to their poor performances. The current structure is 2% of assets and 20% of gains, which allows investors to make money no matter what the market performance is. However, last year, this did not pan out, as many of the investors managed to loose even some of their original investments. For more, read the article at the Wall Street Journal.

Friday, January 16, 2009

Mary Schapiro: SEC Chief Nominee


"I have never been afraid to go after people I thought had violated the public trust," said SEC Chief Nominee Mary Schapiro at her nomination hearing this week. Schapiro has vowed to go after white collar financial crime and restore the public trust within the Securites and Exchange Commission. Among the many items on her list to change, Schapiro spoke about slowing down the IFRS transition process. According to CFO.com, she said she would immediately focus on fixing the regulatory holes that contributed to the credit crisis. How do you think she will impact the changing economic climate of the US? We'd like to hear your thoughts.