A steady decline in fund registrations since 2008 in the Cayman Islands ended in the second quarter of 2014, according to the data provider Eurekahedge.
The number of funds registered, administered and licensed with the Monetary Authority reached its peak at 9,870 in 2008 but dropped to 8,568 in the first quarter of 2014. This decline was reversed in the second quarter of this year with a slight increase to 8,620.
The general drop in the number of funds has been masked by a requirement to register master funds that came into effect on 2012. Including the 2,676 registered master funds, total fund numbers increased marginally by 0.8 percent compared with the first quarter of 11,296.
However, despite the higher number of master funds the total number of funds remains below the peak of 11,379 recorded at the end of last year.