Cayman Finance News

The Cayman Islands Monetary Authority announced on 5 September that the jurisdiction now has more than 8,000 registered hedge funds, an increase of more than 2,000 funds compared to the beginning of 2005.

The Civil Aviation Authority of the Cayman Islands recently exhibited at the National Business Aviation Association (NBAA) 2006 tradeshow in Orlando, Florida. This year's tradeshow surpassed expected success markers having set the record for the largest number of attendees in the history of NBAA tradeshows with over 1140 exhibitors and 33,088 visitors representing a 14% increase of the 2005 record.

The Cayman Islands Financial Services Association (CIFSA) is pleased to announce that Mr Bryan Hunter, Partner at Appleby Hunter Bailhache, has accepted the invitation to become a member of the CIFSA board.

A delegation from the Cayman Islands led by the Hon. Alden McLaughlin, Minister for International Financial Services Policy, participated in the Caribbean Financial Action Task Force (CFATF) XXIVth Plenary and XIIth Ministerial Council held in Guatemala City, Guatemala, 25-27 October.  Other members of the delegation included Deborah Drummond, deputy financial secretary (financial services), Lindsay Cacho, director, Financial Reporting Authority (FRA), Jacqueline Ziemniak-Jefferson, assistant financial secretary (financial services) and Gail Johnson, senior crown counsel.

Assets of the fund managed by the Public Service Pensions Board have soared from the initial $3.6 million capital injection at the board's establishment in 1992, to a total of $137.99 million as of 1 January 2005.