Cayman hedge fund cancellations spike

(CNS Business): The number of hedge funds registered in the Cayman Islands has fallen after cancellations more than doubled new authorisations in the final quarter of 2015, leaving Cayman’s hedge fund count sitting just below the 11,000 level, against a background of significant volatility in investment markets. At the end of 2015 there were 10,940 funds on CIMA’s register, which includes all regulated funds in Cayman but not the large number of funds which are not required to be regulated, for example funds with less than 15 investors.

Read more and comment on CNS Business