The Cayman Islands was named best hedge fund services jurisdiction at the 2015 Hedgeweek Global Awards in London.
Hedgeweek is described as the largest online news publisher serving the investment and wealth managers market.
Minister of Financial Services Wayne Panton said the Hedgeweek award confirms that Cayman is a preferred place for doing business.
“This truly is a jurisdictional achievement, founded on the historically strong relationship between government and the financial services industry,” Mr. Panton said. “It’s proof that Cayman’s model works, our legislative framework meets client needs, and our regulatory mechanisms ensure the soundness and global reputation of our jurisdiction.”
Cayman Finance CEO Jude Scott said he was delighted with Cayman’s award. “This is the first time Hedgeweek included this category into their awards, so I am thrilled Cayman is the very first recipient,” Mr. Scott said. “We will, as an industry, continue to provide the very best services to our clients through innovation and excellence at every level.”
The Hedgeweek Global Award winners are voted by its more than 40,000 subscribers, comprised of industry professionals who include institutional investors, wealth managers, fund managers and other industry professionals.
“This award has particular significance as winners were chosen by industry professionals themselves, reflecting the true experience of our business partners and clients,” Mr Scott said.
The award was collected on Feb. 27 by Mark Lewis, a Cayman Finance board member.