Cayman proposes greater hedge fund disclosure

Reuters UK – The Cayman Islands, home to most of the world’s hedge funds, is planning to reveal more information about them, the country’s regulator told Reuters, as pressure on the secretive industry rises.

The Cayman Islands Monetary Authority (CIMA) could make available data such as a fund’s directors, manager, auditors and administrator, an executive said.

Earlier this month, the offshore centre joined the global regulatory body IOSCO (the International Organisation of Securities Commissions), which on Monday backed compulsory registration of hedge fund managers.

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