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As the hedge fund industry undergoes a phase of exponential growth, the competition is heating up not only for the fund managers fighting for allocations and opportunities - the world's hedge fund jurisdictions are also locked in a battle for the extra business.

Cayman has long pioneered cutting-edge regulatory and legislative transitions that have enabled the jurisdiction to flourish, including the flexible, effective Mutual Funds Law. A re-examination of the legislation by a working group o

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