Originally published in the FOCUS REPORT: Hedgeweek Guide to setting up Alternative Investment Funds Jun 2012 www.hedgeweek.com.
The Cayman Islands is a leading jurisdiction for the formation of alternative investment funds. In the Cayman chapter of the 2012 Hedgeweek Guide to Setting Up Alternative Investment Funds Marco Martins and Patrick Colegrave provide an overview of the mutual fund regime in that jurisdiction.
Mutual Funds Law (as amended) and the Mutual Funds (Amendment) Law, 2011 (together, the “MFL”) and the Securities Investment Business Law (2011 Revision, the “SIBL”).
NUMBER OF FUNDS
As at 31 March 2012
Only open ended funds are required to be registered or recognised under the MFL. No statistics are available for other types of funds.
There is currently no distinction in the licensing process between directly invested hedge funds and funds of hedge funds and so no official figures exist for the break down.
Please see full publication below for more information.
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