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ARTICLE · 22 MAY 2020

An Update On The Offshore Funds Landscape

Walkers
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There have been a number of changes to the offshore funds landscape in recent months. Walkers' global team sets out below a high level summary of the current position...

European UnionFinance and Banking
Andrew Barker
Andrew Barker
Sarah Demerling
Sarah Demerling
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There have been a number of changes to the offshore funds landscape in recent months. Walkers' global team sets out below a high level summary of the current position in the Cayman Islands, Bermuda and the British Virgin Islands ("BVI").

The Cayman Islands

The Cayman Islands has been the leading jurisdiction for the formation of hedge funds and private equity funds for many decades. As at December 2019, there were over 10,000 hedge funds registered with the Cayman Islands Monetary Authority ("CIMA"). Over recent years the number of hedge funds registered has remained stable despite the headwinds faced by the global hedge fund industry. The rise of private equity since the global financial crisis is reflected in the number of Cayman Islands exempted limited partnerships (the vehicle most commonly used for private equity funds).

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