The Cayman Islands is successfully positioning itself as the hub for hedge funds, with the number domiciled on the offshore financial center rising to 7,106 in 2005, a 32% rise from 2003.

According to a study from the Cayman Islands Monetary Authority there were also 914 more hedge funds registered in the Caymans in 2005 than in offshore strongholds including the Bahamas, Bermuda, British Virgin Islands, Dublin and Jersey combined.