Our Expertise

Our services include the provision of Independent Directors to Investment Funds. We are well positioned to offer some of the most experienced Independent Directors in the governance industry.

Fund Governance

The provision of independent directors to the boards of investment funds is just one, but central, element of fund governance.
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Calderwood provides highly experienced Independent Directors to the boards of investment funds, and fund governance solutions to the Investment Funds industry.

This independent oversight of the fund’s management and operations provides greater protection for investors, ensuring that all decisions and actions made are in the best interests of the fund. With over 25 years’ experience in fund governance, our directors have served on the boards of some of the largest and most complex funds in the industry. By establishing Calderwood in 2016, our directors are well placed to provide a unique opportunity for clients to secure some of the most experienced names in the business, with a level of capacity rarely seen in the industry.

At Calderwood, our directors have expertise in several facets of the investment funds world, including audit, administration, valuation, trading and compliance. That means our directors have witnessed first-hand the complex issues facing the investment funds sector, as well as the volatility and extreme situations thrown up by the financial crisis. They have the ability to lead the conversations and ask the difficult questions that need to be asked, to ensure the greatest protection for investors and the fund, in this era of unprecedented risk awareness.

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Anti-Money Laundering Compliance Services

With our industry experts' strong background in the compliance of Cayman Islands funds and other vehicles with Anti-Money Laundering regulations, Calderwood is well placed to assist with meeting the requirements of the recently revised AML regulations in the Cayman Islands, through our AML Compliance Solutions.
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The regulations state that all relevant financial businesses, which includes regulated funds, as well as unregulated investment funds, (such as single investor and private equity funds), must appoint suitably qualified persons as Money Laundering Reporting Officer (MLRO), Deputy Money Laundering Reporting Officer (DMLRO) and Anti-Money Laundering Compliance Officer (AMLCO).

Experienced and Available Professionals

With access to some of the most experienced investment fund professionals in the Cayman Islands, Calderwood can provide suitably qualified individuals to fulfil these appointments for your fund vehicles to maintain regulatory compliance. Specific functions of these roles include:

  • Acting as the main point of contact with CIMA in relation to all compliance and reporting issues.
  • Ensuring that your fund has all the necessary CIMA-compliant AML policies and procedures in place, which we constantly review and audit in light of changing regulations and requirements.
  • Provide AML oversight for all the operating activities of funds, including both investment and investor activities.
  • Maintain all CIMA mandated AML logs, specifically in regard to investigations undertaken by overseas authorities, as well as any declined business and persons with political exposure.
  • Presenting AML compliance reports at regular board meetings and provide updates on all related compliance issues, along with the systems and controls in operation.
  • Act as the escalation point for any fund related suspicious activity reporting and, if deemed appropriate, inform the Financial Reporting Authority

While the updated AML regulations require existing funds to make these appointments by September 30, 2018, it will be an ongoing requirement for new funds, regulated or otherwise. For any assistance or guidance in complying with the Cayman Islands AML Regulations, contact the team at Calderwood.

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Board Support Services

The provision of board support services from Calderwood does not just raise governance standards, it also makes life easier for all your board meeting participants, who benefit from enhanced communication and the ability to get all the materials they need, securely, when they are required.
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Funds of all sizes can efficiently manage the process of meetings, with professional support, including arranging meetings and distributing the agendas and board materials, to recording minutes of the meetings in line with regulatory standards. We will ensure that board meeting participants receive all relevant materials in a timely manner, with everything they need for the meeting. The provision of secretarial support can further enhance the experience for the travelling board members.

Distressed Fund Services and Special Situations

Calderwood’s directors provided offshore fiduciary services through the financial crisis of 2008, which had a profound effect on the offshore financial industry. However, the financial crisis also provided an opportunity for industry professionals with the necessary foresight and diligence to safeguard and recover assets from distressed scenarios and return these assets to stakeholders which could otherwise have been lost.
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Our directors have successfully navigated numerous distressed engagements to the ultimate benefit of a company and its stakeholders. While Calderwood principally focuses on the Investment Funds industry, our directors have taken on fiduciary roles in all manner of industries, including shipping, insurance, manufacturing, real estate and others, and at various levels of the structure, such as holding and operating companies.

The directors of Calderwood can use this experience to provide guidance to clients during difficult and complex scenarios to help ensure asset realisation is maximized, while protecting the interests of investors and creditors. Our experience liaising and negotiating with all relevant industry participants, including regulators, liquidators, auditors, creditors and investors as required, has proved invaluable to the successful outcome of these situations. In such challenging circumstances, clients can therefore rely on the experience of Calderwood to achieve the best possible result from distressed scenarios, investment fund or otherwise.

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Independent Representative

While being essential mechanisms for investment managers in today’s markets, principal and cross agency transactions do have the inherent risk that a deal can be delayed or derailed by a conflict of interest.
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These problems can be compounded in the volatile markets we have become accustomed to in recent years.

Independent representative services from Calderwood will assist, to ensure principal and cross agency conflicts are indepentently managed. Everything about our Independent Representative services is designed to make your life easier and add greater efficiencies to your business and investment activities.