Tue, Oct 21, 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

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t