IOSCO has reported on the findings of its third hedge fund survey. The survey gathered data from hedge fund managers and advisers about the markets in which they operate, their trading activities, leverage, funding and counterparty information. The report provides an overview of the hedge fund industry as at 30 September 2014. The report observes that the hedge fund industry is largely based in the US, while the Cayman Islands continues to be the tax domicile of choice, that the use of equity-based strategies remains the most popular and that hedge funds seem to be aware of the market liquidity of their portfolio positions so as to make use of suspensions and gating to manage investor redemptions. (Source:IOSCO Reports on Third Hedge Fund Survey)