Cayman Net News – At a high-powered legal forum held in Cayman recently, attorneys and professionals in the financial field, from the Caribbean and other jurisdictions, heard about Cayman’s lead in the area of hedge funds and also, how imminent changes to the Funds Law were not set to bring much harm to the Islands’ premier position.
Hedge funds attorney-at-law Neal Lomax, from the Cayman law firm Quin & Hampson, led discussions on the topic at the Eighth Annual Caribbean Commercial Law Workshop (CCLW) – held at the Ritz Carlton Hotel in Grand Cayman between 20 and 22 August.
Addressing a record number of some 150 professionals from sixteen countries attending the conference Mr Lomax detailed Cayman’s significant lead position in relation to these funds – the domain of sophisticated institutional and high-net-worth investors.
He said that estimates indicated that up to 80 per cent of all hedge funds in the world were domiciled in Cayman.
