The Cayman Islands has been named as the best hedge fund services jurisdiction at the 2015 Hedgeweek Global Awards in London.
Hedgeweek is the largest online news publisher serving the investment and wealth managers market.
Minister of Financial Services Wayne Panton said the Hedgeweek award confirms that Cayman is a preferred place for doing business.
“This truly is a jurisdictional achievement, founded on the historically strong relationship between Government and the financial services industry,” says Panton. “It’s proof that Cayman’s model works; our legislative framework meets client needs, and our regulatory mechanisms ensure the soundness and global reputation of our jurisdiction.”
Cayman Finance CEO, Jude Scott, is delighted with Cayman’s award win. “This is the first time Hedgeweek included this category into their awards, so I am thrilled Cayman is the very first recipient,” he says. “We will, as an industry, continue to provide the very best services to our clients through innovation and excellence at every level.”
The Hedgeweek Global Award winners are voted by their over 40,000 subscribers, comprised of industry professionals who include institutional investors, wealth managers, fund managers and other industry professionals. The award was collected on 27 February by Mark Lewis, a Cayman Finance board member.
“This award has particular significance as winners were chosen by industry professionals themselves, reflecting the true experience of our business partners and clients,” Scott says.
