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May 20, 2006
The lure of Cayman Islands...
If you are in the hedge fund industry, Cayman Islands would be a very familiar destination. Why is Cayman Islands in the Caribbean such a favorite with investors? Over the years, it has become world's largest offshore hedge fund center, mainly due to its tax-haven status.
It is also supported by excellent infrastructure facilities like banks, law firms, accounting firms and fund administrators that are essential for the smooth functioning of the industry. Presently, Cayman Islands boasts of more than 7000 hedge funds that are being registered here and this includes U.S. pension funds that are looking to hedge funds to increase returns.
Recently AIMA, the Alternative Investment Management Association, formed its seventh global chapter in Cayman Islands to formulate industry standards in issues like asset valuation in hedge funds.
According to Gary Linford, Head of the Investment and Securities division of the Cayman Islands Monetary Authority,"The new AIMA chapter will provide the ideal platform for the Cayman hedge fund industry to make a more public contribution to the global hedge fund debate."
Read more on investment in Cayman Islands...here
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