CIMA to publish Statistics on Cayman Hedge Fund Industry
The Cayman Islands Monetary Authority (CIMA) has made an announcement that it is going to launch its Investments Statistical Digest, which is the Cayman Islands’ first comprehensive compilation of data on hedge funds.
CIMA announced that the report on the hedge fund industry will include aggregate statistical information that will underline that Cayman is the jurisdiction to choose for hedge-fund domiciliation and that it is the Cayman Islands of a world-wide network of hedge fund activity. Some of the topics to be covered in the publication will be fund structure, investment strategy, asset allocation and investment management. The report will be available both in print and electronically.
According to Head of Investments of the Investments & Securities Division (ISD), Yolanda McCoy, CIMA is sure that the Investments Statistical Digest will be a crucial source of information on the nature, scope and performance of the hedge fund industry in the Cayman Islands as well as the nature and performance of the global market. She also suggested that the report will promote greater transparency.
It should be noted that the Digest is based on the data submitted by CIMA-regulated funds with December 31, 2006 financial year end. This was the first group of funds that submitted annual returns to CIMA via the Authority’s electronic reporting system introduced in March 2007.