Slight fall in number of Cayman funds in Q4 2015

According to statistics recently published by the Cayman Islands Monetary Authority, the total number of Mutual Funds in Cayman fell slightly in the fourth quarter of 2015 relative to the numbers recorded in the mid half of the year  – although at 10,940, the total number remains higher than that reported at the end of the first quarter. The number of Administered and Licensed funds was broadly constant throughout the year with the reduction seen in the number of Registered and Master funds.

Speaking at a Fund Forum event in Cayman at the end of last year, Cindy Scotland, the Managing Director of CIMA commented that the industry remained strong and is expecting continued growth.

Full details can be found on CIMA’s website; www.cimoney.com.ky