Paras Malde
Executive Director - Partnership Representative
Paras Malde is an independent director in the Cayman office. Paras has been involved in assisting numerous US and Asia-based open-end and closed-end funds across various investment strategies and structures, including single investor arrangements for prominent US and international investors.
Paras’ governance practice includes a broad portfolio of asset management clients with a wide range of structures and investment strategies. Paras has extensive experience in fund-related transaction matters, including fair valuation, side letters and service provider agreements, financials statements, compliance, regulatory and governance matters.
Paras also has experience in managing distressed funds with liquidity concerns, liquidation considerations, CIMA compliance matters, investor complaints, litigation and other considerations in respect to the CIMA’s Statement of Guidance on corporate governance and Mutual Funds Law.
Paras has extensive experience in executing audits of hedge funds ranging from start-ups to multi-billion dollar funds with strategies including long/short equity, multi-strategy, quantitative, fixed income, fund of hedge funds and private equity. He also has experience in evaluating the operational impact from regulation introductions such as Form PF, FATCA and AIFMD at leading asset managers and banks and formulated solutions to create operational efficiencies for routine reporting. He has assisted clients in attaining and maintaining a regulatory compliant state by developing a roadmap from design through implementation.
Skills and experience
- Representing master-feeder hedge fund structures with credit strategies investing in portfolios of asset-rich, positive-cash-flow companies in out-of-favor industries undergoing financial stress.
- Representing long-short equity funds with concentrated portfolios in terms of number of investments or industry of investments.
- Representing funds investing primarily in high yield bonds and stressed and distressed securities, short selling debt and equity securities, sponsored by a medium-sized investment manager.
- Representing hedge funds employing multi strategy investments including real estate, equity securities, fixed-income assets and derivatives.
- Representing hedge funds investing in commodities related businesses in emerging markets, sponsored by a leading venture capital firm.
- Representing hedge funds with long only strategy looking to achieve long term capital gains through the acquisition of undervalued securities.
- Representing Segregated Portfolio Companies with multiple segregated portfolios each with a different investment objective and/or target investor base.
- Representing funds trading in debt and equity securities in the energy markets, technology sector and shipping industry.
- Representing funds trading in securities in jurisdictional specific markets such as Japanese, Greater China, emerging markets, Greece and Cyprus.
- Representing the board of General Partners to Cayman Limited Partnerships and Advisory Committee Boards.
- Advising emerging managers through the launch process and providing introductions to service providers.
- Hedge Funds
- Fund of Funds
- Segregated Portfolio Companies
- Private Equity
- Distressed Investment Funds
- Blockchain/Digital Assets/Cryptocurrencies
- Ernst & Young, New York – Financial Services Office, Advisory – Performance Improvement practice, 2012-2014
- Ernst & Young, New York & Cayman Islands – Financial Services Offices, Audit – Asset Management practice 2005 – 2012
- Accredited Director of the Chartered Secretaries of Canada
- Member of Cayman Islands Directors Association CIDA
- Member of the Cayman Islands Institute of Professional Accountants
- Member of the American Institute of Certified Public Accountants
- Committee Member of Hedge Funds Care Cayman Charitable Organization
- Founding Member and former Treasurer of The Blockchain Association of Cayman Islands
- Certified Public Accountant, State of Pennsylvania, 2009-Present
- Pennsylvania State University, Bachelor of Science degree in Accounting, 2005
- The London School of Economics and Political Science, Certificate course in Cryptocurrency and Disruption, Nov 2018
- Governing the Digital Asset Revolution, Hedgeweek Special Report, Cryptocurrency & blockchain August 2018
