Cayman investment manager

A CIMA-regulated Cayman investment manager, without building a full Cayman operation.

Senior-led investment management for fund structures that need real Cayman presence, oversight and discretion, with day-to-day portfolio work staying with your onshore team.

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A Cayman investment manager built around your fund, not a template

Most managers don’t need a full Cayman build-out. They need a credible local presence that holds up to regulator, investor and counsel scrutiny, without adding a second operations team to run alongside the one they already have.

That’s the gap Artemis fills. We act as the Cayman-based investment manager between your fund and your onshore investment manager, holding discretion and governance responsibility in Cayman while agreed investment functions are delegated to your onshore team. Regulated by CIMA as a SIBA Registered Person and an Exempt Reporting Adviser with the SEC, we’re set up to take on the role properly, not to rubber-stamp it.

Where the model fits

The Cayman investment manager model tends to make sense in a few recurring situations:

  • Emerging and mid-sized managers who need a workable Cayman presence at launch without hiring on-island.
  • Established managers adding a Cayman vehicle and wanting local governance that isn’t a shell.
  • Structures with AIFMD requirements, including clean separation between portfolio management and risk oversight.
  • Firms testing a new strategy or product where a bespoke, flexible arrangement is more useful than a fixed platform.
  • Groups planning eventual internalisation who need a serious interim solution while a full licence is pursued.
  • Transitions between onshore managers, where continuity of the Cayman role matters.

How the delegation actually works

We scope the split explicitly at the outset. Artemis retains Cayman-side oversight, discretionary review, risk oversight, governance records and escalation of material matters. Defined portfolio management, research, advisory and execution functions stay with the onshore team. Counsel, the manager and service providers all know where responsibility sits, because it’s written down, not assumed.

Oversight cadence is proportionate to the strategy, liquidity profile and regulatory expectations of the structure. Involved enough to perform the role properly. Not so involved that we create drag on the manager’s day-to-day.

Artemis holds the Cayman role and exercises the discretion required. The onshore team keeps running the investment process. Both should feel that the arrangement works in practice, not just on paper.

What you get from working with us

  • Senior involvement, not platform delivery. The people scoping the engagement are the people doing the work.
  • A real Cayman footprint. On-island team, established relationships with local counsel and service providers, and no outsourced core functions.
  • Active governance. Board participation, documented decision-making, and practical challenge where it’s warranted.
  • A flexible model. From light-touch oversight to a higher-touch management responsibility, scoped to what the structure actually needs.
  • Honest advice. Including, when it applies, telling you the arrangement won’t work as proposed and why.

What we won’t do

We won’t take an appointment we can’t service properly, and we won’t quietly step into your investment process. The Cayman role is the Cayman role, and the onshore team should feel that clearly.

If a Cayman investment management arrangement is on the table, for launch, for a strategic shift, or as a bridge to something more permanent, the fastest way to know whether Artemis fits is a direct conversation with the people who’d run it.

Where the Cayman investment manager model fits

Not every structure needs a full Cayman build-out. Most need a credible, regulated presence in Cayman with senior people who will actually hold the role, while the onshore team keeps running the portfolio.

These are the situations where our Cayman investment management solution tends to make the most sense.

Established managers wanting a Cayman presence

You need a CIMA-regulated Cayman role for the fund structure, but building a local team isn't proportionate. Artemis holds the investment manager role; your onshore team continues its agreed investment functions.

Structures with AIFMD requirements

Where portfolio management and risk oversight need to sit apart, we provide a proportionate Cayman-side framework that reflects that split without making the arrangement unnecessarily heavy.

Emerging and mid-sized managers launching a fund

An immediate, senior-led solution so you can launch and deploy capital without waiting on a full local build. Bespoke to your strategy, not slotted into a platform.

Firms testing a new strategy or product

A workable Cayman investment management arrangement for a strategy that's still proving itself, flexible enough to scale up, wind down, or reshape as the product develops.

Groups planning eventual in-house licensing

An interim investment manager that carries the regulated role properly while you work towards your own licence, with a clean handover when you're ready.

Transitions between onshore investment managers

Continuity at the Cayman level while onshore arrangements change, keeping governance, oversight and decision-making stable through the transition.

How an investment management engagement works

From first call to Cayman investment manager in place

Every engagement is scoped to your structure, but the shape of the work is consistent. Here is how a Cayman investment manager appointment typically comes together with Artemis.

  1. Talk it through with the senior team

    You speak directly with Al or Hugh, not a business development layer. We listen to the structure, the strategy, the onshore setup and what you actually need Cayman to do. If a Cayman investment manager is not the right answer, we will say so.

  2. Scope the Cayman role

    We map what sits in Cayman and what stays with the onshore manager: discretionary oversight, risk, governance records, escalation, and the portfolio-management functions that remain delegated. Counsel, the manager and service providers all see where responsibility sits.

  3. Agree the delegation framework

    We work with your counsel to document the delegation, oversight cadence and reporting flow, proportionate to strategy, liquidity and regulatory requirements. Enough to perform the Cayman role properly, not so much that it drags on the onshore team.

  4. Put the investment manager appointment in place

    Artemis Advisory Partners Ltd is appointed as Cayman investment manager. Board participation, decision records, oversight files and reporting are agreed and documented before launch.

  5. Run the ongoing oversight

    We stay involved at senior level: reviewing risk materials, sitting on the board where appropriate, maintaining oversight and decision records, and flagging issues early. Long-term partnership if that is what you need, or a clean handover when you internalise.

Common questions

Investment management questions we hear most

Straight answers to the questions managers, counsel and service providers ask before they engage us on a Cayman investment management mandate.

A Cayman-based investment manager may be appropriate where a structure needs Cayman presence, discretionary investment-management responsibility and oversight that can be evidenced. The point is not to build a full local team where one is not needed, but to create a workable Cayman role that fits the fund, the manager, counsel and the wider service-provider structure.
This is a careful balance. Artemis needs to hold the Cayman role and exercise the discretion and oversight required for the structure, but the onshore team should not feel that Artemis is cutting in or taking over its day-to-day investment process. The model should make clear what Artemis does, what the onshore team continues to do, and how the oversight is documented.
Where the structure is appropriate, Artemis can act as the Cayman manager of a fund marketed under EU or UK private placement regimes, or as a delegate to an authorised AIFM, subject to the applicable delegation conditions and cooperation arrangements. Where functional separation of portfolio and risk management is required, Artemis can help design a proportionate framework that reflects it. Counsel should confirm the AIFMD analysis for each structure.
The retained and delegated functions should be agreed structure by structure. Artemis may retain Cayman oversight, discretionary review, risk oversight, governance records, and escalation of material matters, while defined portfolio-management, research, advisory or execution functions may remain with the onshore team. The split should be specific enough that counsel, the manager and service providers know where responsibility sits.
The cadence should be proportionate to the strategy, liquidity and regulatory requirements of the structure. Artemis aims to be as involved as required to meet the applicable oversight and regulatory expectations, but no more than necessary. The aim is to avoid creating drag on the manager's day-to-day operations while still receiving enough information to perform the Cayman role properly.
Where it is required, or where it gives the manager and advisers comfort, Artemis may be able to provide a director from the investment management side to sit on the board. This should be handled carefully and scoped at the outset, especially where other directorship relationships are already in place.

Next step

Scope a Cayman investment management arrangement that fits your structure.

A short call with Al or Hugh is usually enough to tell you whether the model works, and whether it doesn't.

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