Cayman Funds
I did some research and a Cayman HF, without the associated and necessary Investment Management Company (IMC) costs about USD 25-50k setup and annual running USD 56-78k (USD 20k Cayman Islands associated fees & Fund Admin USD 36-48k). The audit costs about USD 15k per year. All exclusive of fund custody fees. If these figures correspond to reality, the AMC solution is much cheaper, as we would only apply the minimum fees for e.g. USD 5 million AUM. https://investmentcache.com/drowning-in-expenses-hedge-fund-start-ups/
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