Sun, Feb 14, 2016
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   |   
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. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  2. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  3. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  4. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  5. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi