Cayman’s best boards

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.

This is because of the sheer scale of the challenge: the number of alternative funds domiciled in Cayman is considerably greater than in the rest of world combined, outside the US.

For more on this story see the December issue of The NED.