Japanese business daily Nihon Keizai Shimbun has reported a sharp increase in the amount of money which flowed into Caribbean-based hedge funds from Japanese investors during 2004.
According to the report, some 5.84 trillion yen (US$56.7 billion) was placed into hedge funds domiciled in jurisdictions such as the Bahamas and the Cayman Islands between January and November 2004, representing a 150% increase on the previous year.
The figure accounted for almost one-third (31.7%) of all securities investments by Japanese investors, and the report cited attractive tax regimes in many Caribbean jurisdictions as a major driver for the increased flows.
However, it is thought that a large proportion of Japanese investment into Caribbean funds is redirected to the United States, with investment flows from the region to the US increasing by an annual rate of 50%, the report stated, citing Daiichi Life Research Institute.
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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