Thursday, 7 May 2015
Last updated 11 hours ago
Feb 26 2013 | 3:27pm ET
Hedge fund industry specialists Michael Pearson and Chris Rowland have launched an independent director services provider in the Cayman Islands.
Fund Fiduciary Partners, which has received the approval of the Cayman Islands Monetary Authority, will take on a “small and select number of opportunities,” adopting a limited appointment business model.
Pearson formerly headed Deloitte's hedge fund restructuring and liquidation team in the Cayman Islands and has advised and managed a number of hedge funds from around the world, giving him insight into corporate governance best practice, managing competing stakeholder interests, regulatory investigations and resolving disputes.
Rowland is a former director at Deloitte in the Cayman Islands, and led the firm's forensic and dispute services practice. He has worked in various jurisdictions on a range of complex compliance reviews and investigations including several regulatory inspection appointments by regulators of licensed entities, including hedge funds and other investment vehicles.
"Institutional investors are increasingly and rightfully demanding more transparency regarding the volume of work an independent hedge fund director has oversight of. Fund Fiduciary Partners will provide bespoke and personal attention only to the number of hedge fund appointments we can meaningfully contribute to,” said Pearson in a statement.
They will be joined by Nick Gaze, former CFO, COO and head of risk to a number of London-based investment managers, in March 2013.
Fund Fiduciary Partners Limited is licensed and regulated by CIMA and is audited by a CIMA-approved audit firm.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…