Archive for June, 2016

Tuesday, June 14th, 2016

CEC and CAYFILM Festival announce partnership

The upcoming CAYFILM Cayman International Film Festival will not only mark the exponential growth of the annual event but also a growing partnership with Cayman Media Park, which is part of the Cayman Enterprise City (CEC) Special Economic Zone.

Started only a couple of years ago, the CAYFILM Festival is now a “must-attend” on the list of hundreds of international film stars, production firms, and other film industry mavens. This year’s festival includes the presentation of more than 200 films, many panels and workshops on filmmaking as well as the attendance of numerous industry luminaries, for example, the OSCAR-winning special effects team from the original Star Wars trilogy will be hosting workshops and panels.

“CAYFILM is thrilled to be working with Cayman Enterprise City to help attract overseas filmmakers and productions into the Cayman Media Park. CAYFILM also hopes to develop the Cayman Media Academy in conjunction with the Cayman Media Park and its fabulous resources” said an American film producer, director and screenwriter Tony Mark. “We’ve already spoken to dozens of industry players about the Cayman Islands, including a group that already has a multi-picture deal with Netflix!”

It is expected that the festival will be the central attractor to the international film community that will foster the growth of the local industry.

Consolidated Water Co. Ltd. declares 3rd Quarter Cash Dividend

Friday, June 10th, 2016

Consolidated Water Co. Ltd. announced that its Board of Directors has declared a quarterly cash dividend of USD 0.075 per share. The cash dividend is payable July 31, 2016 to shareholders of record at the close of business July 1, 2016.

Headquartered in the Cayman Islands, Consolidated Water Co. Ltd. develops and operates seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of potable water are scarce or non-existent. It operates water production and distribution facilities as well as provides water-related products and services to customers in the Cayman Islands, Belize, the British Virgin Islands, the Bahamas, Indonesia and the United States.

Calderwood launch brings new Independent Director Firm to Cayman

Thursday, June 2nd, 2016

Calderwood, a fund governance firm providing Independent Directors to Investment Funds, has officially launched and is now open for business, providing experienced independent directors to a range of investment vehicles.

Calderwood has been formed by Ronan Guilfoyle and Wade Kenny, well-known in the Cayman fund sector, serving as independent directors on some of the largest funds in the industry.

Mr. Guilfoyle was previously a Managing Director at DMS Offshore Investment Services and was significantly involved in the firm’s strategic development, sharing leadership responsibility for its European offices and spearheading its international expansion. As an Executive Director, also at DMS, Mr. Kenny provided fund governance services to a large portfolio of hedge fund and private equity clients, in addition to providing management oversight for the Cayman office.

Mr. Guilfoyle said: “Our experience with every aspect of the hedge fund business, including successfully guiding funds through the financial crisis and systems that match the needs of our clients with the industry, alongside our ability to focus exclusively on our new clients, is together a very attractive proposition for fund managers in the current climate of heightened risk awareness.”