Great First Quarter for Cayman
CIBC First Caribbean has had its best quarterly performance since 2010. For the first quarter of their financial year, ending January 31, 2015, they recorded a net income of $26.6 million. This is a good improvement compared with the net income of $15.4 million for the same period in 2014.
The Cayman Islands has also been named “Best Hedge Fund Services Jurisdiction” for 2015.
Cayman received the award at the Hedgeweek Global Awards in London’s Mayfair on the 27th of February. Hedgeweek Awards brought together 2014s best performing managers and service providers in the global hedge funds industry. (more…)