Cayman Islands Mutual Fund Law revision 2003?

Question

(1)A Open end mutual fund Manager's fee is mentioned to be 1%
of gross assets + 3% as Performance fee. How is Gross assets generally computed in the context of a Mutual Fund.Can anyone enlighten the highlights on the Cayman Islands Mutual Fund Law revision 2003.(2)What is the 'J-Curve effect" in the context of Secondary market Investing.(3) What is the basis of the US SEC law for prohibiting Investors in certain Offshore Funds and what are the Specific law Sections. thanks.

In (Q3) Investors implies US based Investors ie.,
a US based person is prohibited to Invest in certain Offshore funds,whilst the rest of the World can.

Answer 1

Kindly be guided by following site:

http://www.knighthedge.com/CaymanMutualFundsLaw2003Revision.pdf

BEST OF LUCK

Answer 2

define "clever". i think of the U. S. has very clever gun administration regulations. All they'd desire to do is implement the regulations. A gun isn't something extra beneficial than a device, in simple terms like a hammer, baseball bat, tire iron, or kitchen knife. interior the hands of responsible, regulation abiding voters (it is approximately ninety 9.9% of gun proprietors), it is an exceedingly effective device for protecting your self and your loved ones from harm. yet, in assessment to all the different kit accessible, human beings bounce on the weapons as a undertaking while the 0.a million% of gun proprietors are irresponsible, whether it is leaving them out the place childrens can arise with them, or using them for a mass shooting someplace (which in case you ever be conscious, isn't carried out everywhere yet a "gun-loose zone"). If somebody became into to take a baseball bat to an common college and start up bashing the heads of 1st graders, human beings will communicate approximately what's incorrect with that guy or woman, and to assist different like him get the therapy they'd desire to ward off such tragedy. yet while he is going in with a gun and shoots the youngsters particularly, it is the weapons that are responsible, and human beings elect to prohibit weapons to maintain this from occurring lower back. *EDIT* - forget approximately approximately Daniel. He thinks that the government will defend you from each and all the undesirable men accessible, and in case you call "time out" the undesirable men would desire to end and watch for the police to happen.