More than 80 per cent of the world’s 8,000-plus hedge funds are registered with the Cayman Islands Monetary Authority, an increase of approx...

More than 80 per cent of the world’s 8,000-plus hedge funds are registered with the Cayman Islands Monetary Authority, an increase of approximately 23 per cent in this year’s first quarter.

Additionally there has been a sizeable increase in investments by institutional and high-net-worth investors in US markets carried out through Cayman-based investment funds.

Cayman provides hedge funds with a no-tax jurisdiction, a sophisticated financial infrastructure that includes major banks and accounting firms, which produce tangible savings, which can be passed on to investors.

The regulatory and legal framework too requires transparency and disclosure, a critical requirement for both institutional investors and high-net-worth individuals. These requirements are at least as demanding as other larger jurisdictions, including the US.