The Cayman Islands remains the premier jurisdiction for the domiciliation of hedge funds.
In addition there are 77 Administrators currently licenced in the Cayman Islands, of which 68 hold full a licence and 9 hold a restricted licence. Most of the world's top administrators are licensed to carry on business in the jurisdiction. CIMA lists all registered fund administrators in the Cayman Islands.
In October 2020 the Cayman Islands were named ‘Best Private Equity Fund Domicile’ at the 2020 Private Equity Wire US Awards. It is commonly acknowledged that Cayman’s success as an investment funds jurisdiction is due to a perfect combination of factors: having a well-respected legal and judicial system based on English common law coupled with a track record of servicing the top global asset managers in the space; being in the right time zone to serve the US market which is a heavy user of the domicile; and it attracts some of the world’s best service providers who are experts in their field including fund accountants and auditors, fund attorneys, independent directors, fund administrators and trustees, all with over two decades of accumulated expertise. This familiarity and concentration of expertise inevitably makes the establishment and ongoing operation of investment funds in the Cayman Islands more efficient in terms of timing and costs than less-specialised jurisdictions.
The Cayman Islands remains the premier jurisdiction for the domiciliation of hedge funds and private equity funds.
As of June 2021 CIMA records indicate that there are 12,451 regulated mutual funds, comprising 8,276 Registered Funds, 293 Administered Funds, 58 Licensed Funds and 3,145 Master Funds.
As of June 2021 CIMA records indicate that there were 13,280 regulated private funds.
Loeb Smith Attorneys
Loeb Smith is a corporate law firm in the Cayman Islands, serving clients globally with outstanding partner-led service at competitive rates.