Insolvency petitions spiked more than 30% year over year in the Cayman Islands, as 2013 was a year when investors started to grow impatient with fund managers who domicile on the island. The increase reversed a downward trend in the number of insolvency petitions filed in 2011 and 2012 that had followed high numbers in 2009 and 2010 driven by the global financial crisis, according to Appleby Global, which provides hedge fund administration services and is headquartered on the Caribbean island known for its positive tax treatments and beautiful beaches. “The 2013 Cayman petition statistics suggest that investors are increasingly…
Rise In Insolvency Petitions In Hedge Fund Haven A Troubling Sign
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.