Tuesday, 02 January 2024 12:17 GMT

Market comment on behalf of Mindaugas Suklevicius - Founder and Fund Manager at HF Quarters


(MENAFN- Your Mind Media ) Cayman still feels like home base for many global allocators and family offices. The legal toolkit is familiar, the service-provider market is deep, and investors know the playbook. The jurisdiction operates under English common law, with final appeals to the UK Judicial Committee of the Privy Council, providing international investors with a predictable legal foundation. In 1966, Cayman enacted cornerstone financial legislation (including the Banks and Trust Companies Regulation Law) that kick-started the industry. Coupled with no direct taxes on income, companies, capital gains, or inheritance, the result is a durable hub that allocators recognise.
Under the Private Funds Act (2025 Revision), a private fund must apply to CIMA within 21 days of accepting capital commitments and must be registered before receiving capital contributions. After registration, private funds must notify material changes within 21 days, file the Fund Annual Return (FAR) with audited financial statements within six months of the financial year-end, and maintain valuation policies and procedures that meet regulatory expectations.
Additionally, the Caymans offer multiple structures, such as an exempted company, a segregated portfolio company (SPC), or a partnership for sponsor-LP alignment. An SPC provides statutory segregation of each portfolio’s assets and liabilities. This is particularly useful for multi-strategy or investor-specific structures, while maintaining coherence in governance and disclosures at the company level.
Appreciate your cooperation in publishing he analysis.

MENAFN10112025006667014463ID1110320671



Your Mind Media

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search