Cayman fund numbers slump in Hong Kong

Dec 15, 2014

The number of Cayman Islands funds authorised in the city has fallen 30% this year against a rise in HK-domiciled funds. Retail structured product volumes have also dropped heavily.

This year has seen a 30% drop in the number of Cayman Islands funds authorised in Hong Kong, as the city grows in popularity as a product domicile ahead of the pending HK-China mutual recognition scheme.

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