Hundreds of leading investors, hedge fund managers and executives are starting to arrive in George Town for the third edition of the Cayman Alternative Investment Summit.
Organisers from Dart, KPMG and other sponsors are preparing the Ritz Carlton to be a two-day global hub of information about investment tools and strategies that stretch beyond typical stocks, bonds and cash.
“By hosting a summit of this nature in Cayman, it brings the best minds from hedge funds all around the world to discuss, to debate and to determine best practices for the industry,” said Chris Duggan of Dart Enterprises.
The editorial chairman of the conference, KPMG partner Tony Cowell, said the term “alternative investment” may not be the best way to describe what is becoming a more mainstream way of filling portfolio gaps missed by traditional investment instruments.
“If you look at the pension fund gap around the world,” he said, “pension funds are looking to get anything upwards of ten or eleven percent to fund that gap. You’re not going to get that from bonds (where) you’re going to get two percent. You’re not going to get it from the equity markets. Where else will the money come from? It has to be alternative investments.”
Celebrity speakers at the event include Richard Branson, Jay Leno and Jamie Lee Curtis.