“The Cayman Islands continues to be home to a thriving financial services industry, which is bolstered by prudent and robust regulation”, says Cindy Scotland, managing director of the Cayman Islands Monetary Authority.
Hedge funds attracted nearly $20 billion of net capital inflows in the first quarter of 2017, according to research undertaken by Preqin. This reverses five consecutive quarters of net outflows and pushes total industry AUM to US$3.35 trillion.
May 2017 saw the largest number of company formations in the Cayman Islands in a single month since the financial crisis with 1,174, according to statistics provided by the Cayman Islands General Registry. Last year, the number of active companies registered in the Cayman Islands briefly breached the 100,000-mark before dropping back to 96,259 after the end of the year.
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