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Article: Hedge Funds In The Cayman Islands.
- Article from:
- Mondaq Business Briefing
- Article date:
- October 9, 2003
- Author:
CopyrightCOPYRIGHT 2003 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Spencer J. Privett is based at Maples & Calder's Asia Practice, in Hong Kong
The Cayman Islands make up the world's fifth largest financial centre. There are approximately 580 lincensed banks and trust companies in the Cayman Islands with assets of around US$747.6 billion. Forty-seven of the world's fifty leading banks have a presence in the Cayman Islands.
The Cayman Islands is one of the leading offshore jurisdictions for funds with over 3,600 regulated mutual funds. There are also a significant number of unregulated funds in the Cayman Islands which fall under available exemptions. In the last few years, the Cayman Islands have emerged as the ...