GAIM Ops Wire: Sunny days for the due diligence crowd
| Mar 1st, 2010 | Filed under: Today's Post | By: Alpha Male |
Just in case you thought the Cayman Islands’ 15 minutes of hedge fund fame was falling victim to a global backlash against offshore tax havens, Norm McGregor of Deloitte & Touche’s office here has something to tell you. McGregor kicked-off the annual “GAIM Ops” conference earlier today in Grand Cayman by pointing out that the 9500 funds domiciled on this island was only 500 below its all-time high.
This was emblematic of a sense of optimism that seems to permeate this year’s event. Then again, last year was a pretty easy “comp.” That winter, this conference came on the heels of the Madoff Affair – an episode that led many to question the seaworthiness of hedge fund due diligence processes. This winter, the careers of the accounting, operations, and due diligence personnel in attendance here seem to be firmly intact – even promising. More…
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