Hedge fund trade group mulls impact of EU Cayman blacklist plan

The Alternative Investment Management Association says the plan to add the Cayman Islands – the major offshore domicile for the global hedge fund industry – to a tax haven blacklist remains an “open matter” until any formal decision is reached.

The Economic and Financial Affairs Council (ECOFIN) – which comprises the 27 EU member states’ finance and economics ministers – will reportedly greenlight a plan to add Cayman to a list of ‘non-cooperative’ tax jurisdictions when it meets on Tuesday.