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Article: Hedge Funds - a Cayman Islands Success Story.
- Article from:
- Mondaq Business Briefing
- Article date:
- December 2, 2005
CopyrightCOPYRIGHT 2005 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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Introduction
The Cayman Islands have become the leading offshore jurisdiction in the funds industry and are currently home to more than 6,500 registered open-ended funds and many unregulated closed-ended or exempted funds. The majority of such registered funds are hedge funds intended for experienced investors and it has recently been reported that an estimated 80 per cent of the world's hedge funds are registered in the Cayman Islands. This article briefly highlights some of the reasons for this success.
What Are Hedge Funds?
The term "hedge fund" was originally coined to describe a type of collective investment vehicle that employed ...