Regulatory Alerts2017-11-03
CIMA Decision Notice Cancelling Mutual Fund Registrations for Titan Global Return Funds
The Cayman Islands Monetary Authority has cancelled the mutual fund registrations of Titan Global Return Fund Offshore Ltd. and Titan Global Return Fund L.P. effective 31 October 2017. The cancellation stems from the Funds' failure to submit required audited accounts for 2011 through 2016 and to pay corresponding annual registration fees and penalties. CIMA determined that the Funds are unable to meet their obligations as they fall due and that their direction and management have not been conducted in a fit and proper manner.
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