Fri, Aug 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

There is trend towards boutique directorship services firms

Wednesday, March 12, 2014

amb
Darren Stainrod
Komfie Manalo, Opalesque Asia:

The focus on corporate governance that is pushing for higher standards in the hedge funds space culminated in the Statement of Guidance issued by the Cayman Islands Monetary Authority (CIMA) in January this year, declared Darren Stainrod, a Principal at HighWater Limited, a boutique provider of corporate governance services, during the latest Opalesque Cayman Roundtable.

"The increased activities of the larger institutional investors are pushing trends in the industry, Stainrod said and added, "There is an ever-growing trend away from larger volume players that offer directorship services on a platform basis towards the boutique firms with a smaller number of experienced directors and smaller, more focused client portfolios."

He said the trend is also away from corporate governance provided by firms affiliated to the offshore law firms. "Although this situation is resolving itself as the law firms continue to sell off these businesses in order to help manage and fund the generational change of the old guard," Stainrod added.

In January, CIMA finalized new guidance on fund governance. The new rules apply to all funds regulated under the terms of Mutual Funds Law. The guidance has been developed following a broad review of fund gove......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest