Fri, Apr 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Cayman named most favoured domicile in global Hedge Fund Survey

Wednesday, December 14, 2011

Richard Coles
Opalesque Industry Update: "It is welcome yet unsurprising news that the Cayman Islands was named the most favoured domicile in the recent Hedge Funds Review's Service Provider Rankings," said Richard Coles, Chairman of Cayman Finance. "The survey underscores Cayman's ongoing relevance in the worldwide financial industry and role as a key player in the funds industry in particular."

Coles added that the fact that the Cayman Islands is ranked the #1 domicile by 52.9% of the survey respondents well ahead of Luxembourg in second place with 13.1% - is testament not only to the number of funds domiciled here, but also to the quality of service providers in the Cayman Islands as well as the clarity and robust nature of the jurisdiction's regulatory regime.

As the world's leading jurisdiction for the domicile of hedge funds, the Cayman Islands has placed great emphasis on creating a transparent and rigorous yet user-friendly regulatory framework. Both the Cayman Islands Monetary Authority and local fund services providers have remained diligent in keeping up-to-date with developments in the industry and ensuring that risk to investors in Cayman Islands-based funds is limited.

The survey was completed by respondents primarily at senior management level representing more than 1,000 hedge funds, funds of hedge funds, and investors from across the globe clearly showing the widespread confidence in the Cayman Islands as a jurisdiction.

The publication's website indicates that the poll should be considered a reflection of how market professionals view their service providers in terms of overall quality of service.

"This is especially gratifying and important news for Cayman given the funds industry's extensive compliance requirements, increased regulation and industry concerns over counterparty risks, continued Mr Coles. "That Cayman shines in a time of increased due diligence by the majority of the funds industry is a major indicator of our continued success and dominance as the hedge funds domicile of choice worldwide."

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance