Tue, Sep 2, 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   |   
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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Legal – GE Capital and Petters-related hedge fund in legal battle, SEC sanctions Donald Brownstein's hedge fund over conflicts of interest[more]

    GE Capital and Petters-related hedge fund in legal battle From Startribune.com: A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters. The bankruptcy trustee for two failed Flo

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius