According to the SEC’s ADV filings there are 17,120 funds, from approximately 1,000 promoters, domiciled in Cayman. Only a minority of these promoters use individual as opposed to corporate directors for their fund boards.

This data is sourced from Castle Hall’s DiligenceExpress tool, which enables investors to analyse information extracted from the SEC’s Form ADV.

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Armed with the Form ADV filings from SEC The NED is able to do comparative analysis on 17,120 funds that are domiciled in Cayman. These are the investment vehicles (mainly private equity, real estate and hedge funds) of approximately 1,000 promoters that have chosen this jurisdiction.
 
We knew that rating fund boards in Cayman would be more challenging than in the European jurisdictions. But we didn’t quite realise just how difficult it would be until we started to analyse the SEC’s data.

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