Clients are reminded of the following important filing dates for Financial Institutions (FIs) under the CRS and FATCA Regime and Economic Substance regime filings with the Tax Information Authority in the Cayman Islands. Additionally, clients are...
A summary of the investment funds performance in 2015 has been published.
A summary of the investment funds performance in 2015 has been published by the Cayman Islands Monetary Authority, some of the highlights include:
- Despite a decline in the total number of funds in 2015, total assets increased by just under 2% and net asset value increased by 3%.
- The United States remains the top location for investment managers and accounted for 71% of total NAV.
- The United Kingdom remained the top location for investment managers outside the US, accounting for 9% of total NAV.
- In 2015 total subscriptions were US$1.334 trillion, which exceeded redemptions resulting in a positive net inflow of US$132 billion.
- 26% of Cayman Islands registered funds had less than US$20 million AUM, 27% had between US$20m and US$100m, 35% had between US$100m and US$1 billion with only 12% having AUM over US$1 billion.
If you would like further information please contact:
Chris Humphries
Managing Director
Tel:(+1 345) 814 7911
chris.humphries@stuartslaw.com
