Cayman Island Holds US$265 Billion in Treasuries
A Caribbean financial centre is now the third biggest foreign owner of US government debt. Cayman Islands where most hedge funds are domiciled holds US$265 billion of Treasuries as of March, up 31% from a year earlier.
“Cayman Islands where most hedge funds are domiciled holds US$265 billion of Treasuries as of March, up 31% from a year earlier.”
This makes it the largest holder after China and Japan. Those nations each own more than $1 trillion of Treasuries. The surge in ownership of U.S. debt for the Caribbean getaway shows that hedge funds are joining more traditional mutual fund managers in buying Treasuries amid lack-lustrous returns in other assets, with many global stock indexes posting losses in 2016.
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