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Cayman Islands Need To Up Their Beach Resort Game

What with all the hedge funds forsaking them.
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It’s a good thing for the Caymans that they’ve got all of those beautifully white-sand beaches and giant cruise-ship port. It’s going to need them, because at just the moment that being an offshore tax evasion center is becoming a distinct disadvantage, the hedge funds are beginning to abandon their formerly favored domicile.

Cayman has seen its global share decrease from 26.7 percent for funds launched in 2010 to 25 percent for funds launched as of February 2016. In 2015, only 15 percent of new funds were domiciled in the Cayman Islands.

Meanwhile, the United States has grown its share from 33.8 percent for funds launched in 2010 to 58.3 percent for funds launched as of February 2016. In 2015, nearly half of all new funds (48.4 percent) were domiciled in the United States.

Percentage of Cayman-based hedge funds declining [Cayman Compass]


Photo: Getty Images

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