Fri, Mar 27, 2015
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner