We recently wrote an article for AIMA on the regulatory landscape in Cayman for investment funds. The landscape is now pretty simple, in that CIMA regulates closed-ended and open-ended products in materially the same way. However, for managers/promoters targeting certain investor groups, there may be some interesting structuring options to explore.
Once the appropriate form of AIF vehicle has been determined, the liquidity rights will define the appropriate path to registering the AIF, if required, with the Cayman Islands Monetary Authority