The Cayman Islands remains the premier jurisdiction for the domiciliation of hedge funds.
The Cayman Islands remains the premier jurisdiction for the domiciliation of hedge funds. As of September 2020 CIMA had 11,157 Regulated Funds which comprised of 7,855 Registered Funds, 282 Administered Funds, 61 Licensed Funds and 2,959 Master Funds. In addition there are 76 Administrators currently licenced in the Cayman Islands. CIMA lists all registered fund administrators in the Cayman Islands including Carne, Conyers, Estera, International Management Services (IMS), Maples, MUFG, Ogier and Walkers.
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 a hedge fund jurisdiction is due to a perfect combination of factors: being in the right time zone to serve the US market; having a well-respected legal and judicial system based on English common law; that we attract the world’s best service providers who are experts in their field including fund accountants and auditors, fund attorneys, independent directors, fund administrators andtrustees, all with over two decades of accumulated expertise. This familiarity and concentration of expertise inevitably makes the establishment and ongoing operation of hedge funds in the Cayman Islandsmore efficient in terms of timing and costs than less-specialised jurisdictions.