Topic: funds

The Cayman Islands has reached a financial milestone as a global leading investment funds centre by registering a record 30,000 funds.

Cayman’s financial services industry added a net number of 66 mutual funds and 359 private funds in the second quarter of 2022. 

The Cayman Islands government is working on a legislative framework for the implementation of environmental, social and governance (ESG) criteria for Cayman’s financial services industry.

The EU Council has released its assessment that led to Cayman’s removal from the EU list of uncooperative jurisdictions in tax matters in early October.

The number of open-ended funds registered with the Cayman Islands Monetary Authority increased by 7.68% in the first nine months of 2020.

Ronan Guilfoyle and Wade Kenny have formed Calderwood, a startup offering independent director services. Both men are well known in the Cayman fund sector and together have more than 17 years’ experience in the governance industry.

One of the big concerns for investors is the health of corporate profits, which have declined in the three of the past four quarters.