The Cayman Islands have continued to see an increase in the number of offshore hedge funds housed in the country.
Gary Linford, head of Cayman Islands Monetary Authority’s investment and securities division, said 7,106 hedge funds were based in the islands in 2005.
The numbers of hedge funds for 2005 are up 16.5% from 2004 and 32% since 2003, and the trend appears to be on course for further improvement in 2006.