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Cayman Islands set for continued dominance

Cayman Islands supplement 2011

Author: Margie Lindsay

Source: Hedge Funds Review | 30 Apr 2011

Categories: Hedge Funds

Topics: Jurisdiction, Offshore, Domicile, International financial centre, Cayman Islands, Legal services, Accounting, Auditing, Independent director, Fund administration, Regulation, Litigation

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As the Cayman Islands continues to hold its position as the number one hedge fund domicile, private and public sector initiatives look at ways of improving competitiveness for the hedge fund industry.

Overview After sustained attacks on offshore financial centres, Cayman Islands' financial services sector is in confident mood and expects to continue to dominate as the domicile of choice for hedge funds.

Interview with Premier The Cayman Islands government faces many challenges in maintaining its position as the main hedge fund domicile. Premier and finance minister McKeeva Bush tells Hedge Funds Review why he believes the islands will remain a hedge fund hub.

Legal services Legal firms in the Cayman Islands are in confident mood as clarity around European Union and US regulation looks likely to give the jurisdiction more opportunities than cause for concern.

Litigation High-profile cases in the Cayman court has highlighted the islands' reputation as a fair and pragmatic jurisdiction for both investors and fund management companies.

Company law changes The Companies Law (Amendment) Bill 2011 makes necessary provisions to enhance the Cayman Islands’ offerings in the areas of company registrations and securities investment.

Independent directors One of the last service providers to come under the wing of regulation, directorships are a booming business in the Cayman Islands with a wide variety of models and choices for investors.

Fund administration Despite losing work to lower-cost onshore locations, fund administration in the Cayman Islands continues to be an important business sector with some growth potential.

Statistics Statistics and facts about the hedge funds industry in the Cayman Islands.

What they say about Cayman Legal firms, service providers and others explain why they think the Cayman Islands will continue to dominate as the preferred hedge fund domicile while meeting the challenges of increased regulation.

Cayman Islands at a glance Interesting facts, figures and comment about the Cayman Islands as well as a short economic profile and report on some of its natural historic traditions and legends.

Video: Hedge fund documentation has become clearer as result of financial crisis
Investors and their lawyers have learned to refine and clarify hedge fund documentation as the result of the financial crisis and several decisions emanating from the Cayman Islands courts.

Video: Cayman Islands secure as number one hedge fund domicile
Offshore funds continue to be important for the hedge fund industry. With around 40% of all funds domiciled there, its broad range of products have proved popular with the industry.

 

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