Focus On Cayman Islands

Focus On Cayman Islands

MWEEK (HFM): WHAT CONTINUES TO MAKE CAYMAN AN ATTRACTIVE AND VIABLE DOMICILE FOR HEDGE FUND MANAGERS?

JOHN WALLACE (JW): The Cayman Islands developed into the leading offshore jurisdiction for hedge funds because of its regulatory regime and the quality and expertise of the local administrative, accounting and legal professionals who live and work on the island. The flexible but effective regulatory framework provides safeguards to investors but does not impose restrictions on a hedge fund manager's investment strategy; coupled with the infrastructure and world-class service providers, this jurisdiction continues to attract the majority of global hedge fund managers. The past few years have served to demonstrate its strength and viability as a leading regulator which dynamically adjusts to best practices and the needs of the marketplace.