Offshore funds, investors face greater scrutiny

Fri Jun 26, 2009




The important offshore domicile of the Cayman Islands is planning to disclose more information about the thousands of hedge funds based there. At the same time, the U.S. Internal Revenue Service has asked hedge fund investors to disclose the assets they have invested in offshore accounts.

The move comes after 2008's catastrophic financial meltdown, which has led investors to seek more transparency from the hedge funds...

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