Cayman Islands Hedge Funds

They have many branches of banks in the world, a sophisticated, modern legal system (British) and no taxes, so that owners of funds can avoid double taxation, once when the fund makes money and again when the fund remittance.

A bank of the United States, I worked for had a branch in the Cayman Islands. He had funds U.S. customers. There was nothing secret or illegal. It has been done for large depositors who wanted to participate in the Eurodollar market, which has paid interest rates higher.

banking secrecy is a very small part of being based in the Cayman Islands.

In addition, all hedge funds are registered.

The Cayman Islands and several other localities charge little or no tax on capital gains. U.S. citizens can legally put their money in offshore funds of hedge funds.

International investors can, and endowments. These types of investors would then invest their money in an offshore fund HF, rather than on the coast, because of tax advantages.

Not all hedge funds are registered. The hedge funds to register for tax and the system undocumented low regulation in this area that allows them to configure a multi-fund structure charger or simply to allow investments in their country of origin at this point in time while allowing them to expand to other areas later without having to pay too much tax levels or jump through hoops to do things ... less supervision and cost.

- Richard
Richard Wilson
Hedge Fund Group (HFG)
http://hedgefundgroup.org

Simple: The banks in the Cayman Islands refused to provide any information about their accounts or hold anyone accountable, and there is nothing the government can do.

All hedge funds are registered offshore, so the Cayman Islands is probably as good as anywhere.

no information is given on the bank account holders. So, if funding falls below it is not known.