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
ISSN: 2151-1845 / CDC10004H
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