Investors drive structure

Ingrid Pierce at Walkers in the Cayman Islands says issues related to transparency may differ. “Certain institutional investors that allocate a substantial amount of their investable assets to a particular manager or fund may require special terms, such as their own class of shares, portfolio or fund,” says Pierce.

At Appleby in Cayman, Gray Smith believes the needs of most investors are largely the same: good returns, transparency, liquidity and a good dispute resolution forum. “Logic would,