Cayman still leading hedge fund domocile, survey says

(hedgeweek): The Cayman Islands are still the predominant domicile for hedge funds, according to a survey of European hedge fund managers by Citigroup. There is no widespread move to re-domicile funds onshore ahead of final clarity on the Alternative Investment Fund Managers Directive. Onshore Ucits launches are prevalent among the larger managers, but still account for a small portion of overall hedge industry assets. There is ongoing demand for managed accounts, particularly from large institutional investors. Operational complexity is increasing as hedge fund managers offer a variety of products spanning traditional offshore domiciles, managed accounts and onshore domiciles.

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