Most regulated sectors in the Cayman Islands have continued on a steady path over the last 12 months with Private Funds up 3.5%. Funds may have previously been discouraged to set up the investment manager in the Cayman Islands due to the new economic...
Open-ended retail funds are considered as mutual funds that fall under the licensing category (section 4(1)(a), Mutual Funds Act (2009 Revision) (MFA)) (licensed funds).
However, they can include funds registered under section 4(3) of the MFA that have: Their equity interests listed on the Cayman Islands Stock Exchange (CSX). A minimum aggregate investment amount above US$100,000 (as at 1 November 2011, EUR1 was about US$1.4). Funds which allow investments below US$100,000 are generally referred to as “retail” funds.
Please view our recent submission in the Practical Law Company Multi-Jurisdictional Guide 2012 on Investment Funds: