Darragh Murphy serves as an Independent Director at Waystone where he oversees fund governance for a portfolio of hedge fund and private equity vehicles with a diverse range of structures and investment strategies.
Darragh joined Waystone in 2017 and has significant financial services experience, with a focus on fund compliance, regulation and structuring. Prior to joining Waystone, Darragh spent four years with PwC as Tax Senior, where he supported clients in the areas of domestic and international taxation, working on a number of consultancy projects with technical tax issues.
Darragh is responsible for implementing strategies to deliver an economic substance solution in accordance with appropriate local regulations while overseeing the risk reporting element of economic substance solutions in the Cayman Islands.
Skills and experience
- Serving the largest open-ended real estate fund in the US with assets under management in excess of $40 Bn.
- Representing Waystone Market Access (Cayman) a regulated investment management company which provides a management company platform and economic substance solutions to some of the largest Asia-Pacific hedge funds.
- Serving master-feeder fund structure employing long/short equity, event-driven, long/short commodities, and sponsored by investment manager with assets under management of $4 Bn.
- Serving closed-ended private investment fund structures focusing on the commercial real estate sector in the US with an excess of $1 Bn assets under management.
- Oversight and guidance for fund launches; reviewing fund constitutional documents, agreements and side letters and overseeing performance of key service providers. Ensuring regulatory compliance with global regulatory bodies and fund regulations including the US (SEC), Cayman Islands Monetary Authority (CIMA), UK Financial Conduct Authority (FCA) and Securities & Futures Commission Hong Kong (SFC).
- Hedge funds
- Private equity funds
- Real estate funds
- Investment management entities
- Family offices
- Bachelor’s degree in Commerce (Economics and Accounting) – University College Cork
- Master’s degree in Taxation – University of Limerick
- Chartered Tax Adviser (CTA)
- Registered Director with the Cayman Islands Monetary Authority (CIMA)
- Member of the Cayman Islands Directors Association (CIDA)
