In a continuation of recent trends, the total number of Cayman Islands hedge funds is increasing, but only because of the growing amount of master funds, which were first registered in 2012.

From April to June, 318 master funds were registered, bringing the total to 2,449. Since the end of June 2012, the number of master funds has increased by 41 per cent (from 1,732), according to Cayman Islands Monetary Authority statistics.