THE STATE OF
As Cayman Islands-regulated funds post solid
growth numbers, Russell Burt, chairman of AIMA
Cayman, reflects on a period of landmarks for the
sector, including avoiding another blacklist.
Table 1 shows that the number of Cayman Islands regulated
funds has increased for the first time since 2013. This is
particularly pleasing given that it bucks the trend of increased
regulation driven by the EU, OECD and FATF.
The trend may well be even greater given that this has been supported
by an increase in private equity vehicles following fundraising records
in 2017 and 2018, with 65 percent of managers predicting that their
2019 funds will be larger than those most recently raised, according
to EY’s Global Alternative Fund Survey 2018. Hedge funds continue to
lead the alternative asset space in the short to medium term, although
asset allocations in this class have remained stable over recent years.
Private equity is in the ascendance.
18 CAYMAN FUNDS | 2019