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Is the convergence of liquid and illiquid alternatives really in the best interests of investors? By Stephen Oxley, managing director, Institutional Relationship Group, PGIM – I read a prediction in one of those crystal-ball gazing missives that financial firms like to put out at the start of every year. It forecast that there will be continued blurring between hedge funds and private equity. I must admit I baulk at such an idea and find myself asking whether the convergence of liquid and illiquid alternatives is a desirable end and, if so, whose interests might best be served by an erosion of the distinction. |
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The world’s leading domicile | Thu | 11 Feb 2021, 11:41 | By Jude Scott, Cayman Finance – In August 1864, 900 miles almost due North of the Cayman Islands, US Navy Rear Admiral David Farragut faced a pivotal moment. Leading a squadron charged with attacking Confederate forces in Mobile Bay, Alabama, Farragut’s flotilla encountered tethered mines known then as “torpedoes” which ultimately threatened his mission and his men. Acting decisively to navigate around the threat and pursue his objective, Farragut uttered the phrase that has now passed into military lore: “Damn the torpedoes! Full steam ahead!” |
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| Jersey Fund Services in Focus 2020 This report outlines how Jersey fared over the course of the pandemic and also details the expected growth areas for the industry, and how the island continues to attract new managers due to its proximity to the UK and Europe. |
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