Cayman fund administrators see upturn in market and plan for growth

Cayman Islands supplement 2011

cayman-sunrays

Despite problems and a massive loss of jobs over the past few years, Cayman’s fund administration business is not in terminal decline. However, there is no room for complacency and there is a need for some positive moves if the government is to reverse the trend.Although it is true Cayman has lost a few hundred jobs to an exodus by fund administration services to lower-cost countries with abundant job pools, the industry itself has also changed. The financial crisis, in which hedge