In the world of alternative investments, complexity isn’t a novel trend. The rise of hedge funds was followed by an explosion of illiquid strategies including private equity, infrastructure and real estate.

Over the last 12 months, hedge funds in Asia have been allocating increasing sums into “side pockets” – ring-fenced assets within strategies which are typically used to purchase illiquid investments such as pre-IPO companies.

Jay Peller, Head of Fund Services, Citco Fund Services (USA) Inc, is featured in the September edition of the AIMA Journal, discussing changes to the way asset servicing works as a result of the pandemic.

The decision by the Financial Action Task Force (“FATF”) to add Cayman to its list of jurisdictions on 25 February 2021 has inevitably resulted in increased scrutiny by all industry stakeholders responsible for implementing Cayman’s anti-money laundering/counter terrorist and proliferation financing regimes.