Tag: Cayman Islands
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Cayman Hedge Funds Are Unstoppable
The Cayman Islands Monetary Authority (CIMA) announced this week that the islands’ hedge fund sector is continuing to boom, with an additional 665 funds having registered in the first five months of the year. Cayman Hedge Funds Are Unstoppable. The years 2004 saw a record 1,405 funds acquiring registration, and 2005 was almost as good.…
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Cayman hedge industry on track for record growth
NEW YORK, June 20 (Reuters) – Some 665 hedge funds established a presence in the Cayman Islands in the first five months of 2006, a pace that could put the offshore banking center on track for another record year in registrations in 2006, Cayman officials said Tuesday. As of the end of 2005, there were…
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Cayman Islands attracting 35 new Funds per week
Attracted by the jurisdiction’s light tax and regulatory touch, the Cayman Islands authorities are registering almost 35 new funds per week, according to Gary Linford, head of the Investment and Securities Division of the Cayman Islands Monetary Authority. Speaking at a fund industry seminar in Jamaica last month, Mr Linford noted that the Cayman Islands…
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Record number of new Hedge Funds launched in Cayman Islands
WEST PALM BEACH, FL (www.hedgeco.net) – A record number of new hedge funds were created during the first half of 2005, according to Busnesswire reports. Despite the global slowdown in hedge fund returns during the first half of 2005, there was a 13 percent increase in the number of new hedge fund launches compared to…
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Liquidity Crisis
Hurricane Ivan ripped through the Cayman Islands at 150 miles an hour. I saw it on television with Bootstrap McDoogle. “No, no, no,” he said, sticking his head into his hands. “No one likes hurricanes,” I told him, “but it’s an act of God.” He said, “My money is in an offshore bank account there…