AIFM directive unlikely to cause significant changes in Cayman

Cayman not worried by AIFM directive but changes afoot following corproate governance consultation

The impact of the European Union's (EU's) alternative investment fund managers (AIFM) directive on the Cayman Islands, domicile of choice for the vast majority of hedge funds, is likely to be "fairly small", according to Peter Cockhill, a partner with law firm Ogier.

Approximately 85% of all hedge funds registered in Cayman are unlikely to have any significant points of contact with Europe. "For the most part the impact of the [directive] will be on distribution or selling. Given the nexus

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