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Article: Asian Interest Fuels Growth in Cayman Islands Hedge Fund Industry.
- Article from:
- PR Newswire Europe
- Article date:
- February 22, 2005
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GRAND CAYMAN, Cayman Islands, February 22 /PRNewswire/ --
- 2004 Sets Another Record
More than 1,100 new hedge funds were created in the Cayman Islands in 2004, marking a 100 percent increase over the previous reporting period. For the first time, a surge in hedge fund interest from Asian investors was demonstrated, according to a new analysis by Walkers, the global offshore law firm of choice for companies, financial organizations, and international law firms.
With more than 80 percent of the world's 8,000-plus hedge funds registered with the Cayman Islands Monetary Authority (CIMA), 2004 saw a sizeable increase in investments by Asian ...