The Maples Group is a leading service provider offering clients a comprehensive range of legal services on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg, and is an independent provider of fiduciary, fund services, regulatory and compliance, and entity formation and management services. The Maples Group distinguishes itself with a client-focused approach, providing solutions tailored to their specific needs. Its global network of lawyers and industry professionals are strategically located in the Americas, Europe, Asia and the Middle East to ensure that clients gain immediate access to expert advice and bespoke support, within convenient time zones.
Ireland is a recognised global centre for international investment funds. Irish funds are distributed in more than 70 countries worldwide with a truly international investor base. As of December 2015, the Irish funds industry had over €3.8 trillion in assets under administration spread across approximately 13,800 funds.
The Irish Funds practice of our service partner, The Maples Group, comprises over 50 lawyers and investment fund professionals, and offers a complete range of Irish financial services expertise which combines private practice with in-house and regulatory experience. They have been consistently ranked as the #1 legal adviser in Ireland for funds (i) over the past seven years (from 2010-2016 inclusive) based on the total number of new funds established and (ii) over the past four years (from 2013-2016 inclusive) based on the total number of funds advised.*
Ceres Fund Management (Cayman) Limited
Following the MPMF model of a Central Bank of Ireland authorised Irish-based AIFM, Ceres Fund Management (Cayman) Limited ("Ceres") offers AIFM solutions for non-EU (e.g. Cayman Islands) AIFs that meet the ongoing obligations under the AIFMD. Ceres provides flexible solutions to its clients through an experienced team including investment and risk management professionals, designated individuals with in-depth knowledge of regulations and compliance matters and in-house designed information technology for risk reporting.
Either as an appointed AIFM or on a delegated basis from a client's internally managed AIF or AIFM, Ceres will:
- Maintain executive oversight of each of the AIFs under management and retain full responsibility for AIF governance and compliance.
- Retain or delegate certain aspects of the day-to-day management functions (e.g. risk and portfolio management) in accordance with the optimum business solution for each client.
- Establish substance by retaining the risk management function.
- Provide designated individuals, including a compliance officer and money laundering reporting officer.