August 2019
Irish directors are in danger of becoming ‘micro-managers’; Hands-on vs lofty detachment; US partnerships: the last governance frontier; Expert Fund Boards; Can director firms be ‘vicariously liable’? Looming liquidity concerns; When is a NAV not a NAV? EU passporting review. Download the Cover section
July 2019
Director rotation in Ireland; Alt UCITS: liquidity risk issues; Term limits: long overdue?; Consultant directors on the rise; Expert Fund Boards; The cost of gating; ManCo risk oversight issues; Crackdown on US shell companies; ESMA consultation on UCITS performance fees. Download the Cover section
June 2019
The lessons of Woodford; Time for an FCA re-think? Fund board performance evaluation; Improving director selection; European Expert Fund Boards; Alt UCITS liquidity risk; More substance required in the EU; PM delegation changes back on the table. Download the Cover section
May 2019
Ireland's jumbo directors; ManagementPlus Cayman license revoked;Cayman’s substance changes; The lessons of Abraaj; Atlantic Fund Forum; New AML regulations in Cayman; ManCo oversight: cost vs benefit; Cayman issues substance guidance; Expert Fund Boards. Download the Cover section
April 2019
More transparency wanted; The pros & cons of transparency; Independents: how many are needed? Amateur vs professional directors: what’s better? Little progress on US corporate boards; BVI publishes its draft Economic Substance Code; A let off for the Crown Dependencies. Download the Cover section
March 2019
Let the sunshine in; No independent oversight please, we’re British; UK independents: lipstick on a pig? Cayman avoids the blacklist; ManCo demand growth; Brexit exodus laid out; More tax changes from the OECD; Cayman prepares for a negative FATF assessment. Download the Cover section
February 2019
Where will it come from?; Boards in bear markets; Regulatory oversight; Investor communication; The EU’s Brexit olive branch; No ‘Brexodus’ boom yet; Cayman ‘will not be bullied’; Delegation: the devil’s in the detail. Download the Cover section
January 2019
Issue includes: UK fund governance changes: trouble ahead? End of the rubber stamp era; What the FCA wants to achieve; Cayman corporate directors; Fund Governance Research Study; Brexit chaos; Yet more on public registers; AIFMD II is on the way. Download the Cover section
December 2018
Corporate directors dominate in Cayman; Cayman's own BCCR; Struggling? Time to strengthen the board; European Expert Fund Boards; A perspective on the substance rules
from Jersey. Download the Cover section
October 2018
Time to start the ratings; Industry feedback on rating fund
boards; The view from London; 2018 Director Survey; EU hypocrisy on financial secrecy; Ireland all alone. Download the Cover section
September 2018
Board capability ratings for investors; Director selection: end the amateurism; Will there be governance issues with Jersey LLCs?; Is more fund board regulation needed?; Irish performance fee issues. Download the Cover section
August 2018
Rise of the consultant director; Offshore directors to the rescue?; The governance of co-investing; Tax tangles; 2018 UK Corporate Governance Code published; Get rated by The NED. Download the Cover section
July 2018
Risk governance special report: Fund board ratings consultation; What more can boards do?; Is AIFM risk oversight worth it?; Cayman fund boards ten years on from the crash; ManCos: Some are struggling; Here comes CP 120. Download the Cover section
June 2018
The NED launches Director Search; The NED’s top 50 alternative fund boards; Its coming: UK changes underway; Exploring risk issues; Public property register coming to
the UK; EU blacklist threat update; Lux ManCos: transparency needed. Download the Cover section
May 2018
CDOT Connect launched; Coming soon: public offshore registers; Brexit: getting scary; UK corporate governance: shareholders want more oversight; Luxembourg’s most impressive; Luxembourg governance: too complicated; Who is right on residency?. Download the Cover section
April 2018
Time to overhaul director selection; Mind the governance gap: Cayman drifting further away from Europe; Why the FCA did it; Cayman LP issues; MiFID II: The Phoney War; Too few players and not very alternative; A ManCo risk capability assessment. Download the Cover section
March 2018
UK independent directors: coming soon; Ireland's most impressive; CP 86 roundtable; Guernsey board chairmen on director selection; Time to debate directors’ fiduciary duties; Proposal to clarify ‘Pre-marketing’ under AIFMD; Cayman’s beneficial ownership regime. Download the Cover section
February 2018
End of the traditional NED?; Rating Guernsey fund boards; Guernsey's best fund boards; View from the top; Remuneration rising rapidly; Risk oversight: is it worth the cost? Here comes AIMD II; EU market access issues for UK managers. Download the Cover section
January 2018
Fund boards: Jersey’s best; Boards: more transparency & standardisation please; Fund boards: more substance required; A Cayman director residency requirement?; Is tax the forgotten risk as far as fund director fiduciary duty is concerned. Download the Cover section
December 2017
Carlyle: independent NED expertise unnecessary; Fund board ratings; Private equity fund governance; Investor involvement needed; The Fund Governance Association; Delegation denial; Strong ManCo growth; Tax & regulatory convergence. Download the Cover section
November 2017
Much more investor contact; Fund board rating consultation; 75 issues young; NEDs are key ManCo selectors; Apollo partner charged; Poll shows delegation worries; Paradise Papers fallout; What is Cayman’s European future; MiFID II regulatory grace. Download the Cover section
October 2017
Full steam ahead; Independent Risk Management: Really?; What it all means; The governance of co-investing; Development of the Irish Fund Directors Association; Boom in ManCo corporate changes; MiFID firms converting to AIFMs; Prepare for the GDPR. Download the Cover section
September 2017
Time for LPAC standardisation?; Views on director selection; Investor influence grows; More from ESMA on Brexit; HMRC to focus on corporate tax evasion; CRS implementation; Recent developments under FATCA; Jersey private placement growth. Download the Cover section
August 2017
Director selection: overhaul needed; Time to define; Director remuneration: time for more flexibility?; Director DDQ breakthrough; A softer line in the US; Greater scrutiny in the UK from directors; Ireland reforms its limited partnership legislation. Download the Cover section
July 2017
Independents: the UK goes from famine to feast; Director compensation to go through the roof; SEC to focus on disclosure; Educating the British on independent fund governance; BEPS: let the changes begin. Download the Cover section
June 2017
Brexit: an EU fund director bonanza; The MLI requires boards to make the decisions; Risk governance: how much value does it add?; US alternative fund numbers grow but NAVs show slight decline; Cayman introduces beneficial ownership law. Download the Cover section
May 2017
What is risk governance? The value of risk governance; Onshore directors for Cayman funds; Time for boards and LPACs to work together; FSB publishes thematic peer review on corporate governance; Fund governance in Luxembourg. Download the Cover section
April 2017
Learning from LPACs; Irish director capacity problems; Risk Governance Forum launch; Difficulties at ESMA; Lux-leaks returns; Director evolution; Forget the AIFMD review; Few independent directors at European UCITS funds. Download the Cover section
March 2017
Fund fraud: directors’ responsibilities; Finally, real investor involvement; Ill-prepared for the tax Tsunami; Risk governance cost explosion; Passive investing is bad for governance; BEPS: UK’s approach to the MLI criticised; AIFM ManCo platforms: strong growth. Download the Cover section
February 2017
Watch out for BEPS; The NED launches Director Search; Preparing for BEPS; Risk governance issues to resolve; Independent directors for UK fund boards?; Director capacity issues in Ireland; SEC bars private equity advisor; ManCo platforms’ large fund dilemma. Download the Cover section
January 2017
The NEDs new name; Director diversity; Change, change and more change; Risk supervision; 2017 will be tough for ESMA; EU tax transparency plan watered down; Stats from CIMA; Automatic exchange of information now in force in the EU. Download the Cover section
December 2016
CP 86: final Guidance published; Significant shifts in ‘16: EU fund governance: directors as bureaucrats, Cutting prices in Cayman, The growing emphasis on risk supervision, PE governance issues; Hedge fund recession; Higher depositary fees coming. Download the Cover section
November 2016
Remuneration: not so bad after all; How much do LPACs help PE governance? Understanding the risks on behalf of a fund’s shareholders; Weavering: the latest twists and turns; EU’s tax haven blacklist by end 2017; No passport extension; Guernsey launches Private Investment Fund. Download the Cover section
October 2016
BEPS means much more director activity; The implications of fee compression; Where’s the added value?; The evolving role of risk management; SEC charges Omega and Artis with insider trading; BEPS comes to the BVI; OECD threatens Bahamas with blacklisting. Download the Cover section
September 2016
More transparency & professionalism please; Going the wrong way?; The next five years; The future – from directors; CSSF looks at ManCo platform supervision; Brexit hits UK LPs; EU scores jurisdictions on tax governance. Download the Cover section
August 2016
Time for reflection: Fifth anniversary review; The NED’s director selection survey; OECD to draw-up tax haven blacklist; EU tax avoidance directive agreed; Jersey sees increase in private placement activity; EU’s Money Laundering Directive includes public UBO info. Download the Cover section
July 2016
The NED’s Risk Forum launched; The NED’s director selection survey is underway; Fund governance evolution; Will director substance help with BEPS?; Governance concerns for
Cayman’s LLC; SEC pushes for more board diversity; Increase in side letters in the US. Download the Cover section
June 2016
More changes coming in Ireland; The NED’s Director Selection Survey; ManCo platforms growing strongly; Gibraltar case underlines directors’ duties; EU & US governance divergence; The tax attack; ESMA confirms passport ruling ‘soon’. Download the Cover section
May 2016
Director remuneration: ridiculous; Poles apart in Dublin and Lux; AIFMD valuation issues for boards; The investors’ perspective; Launch of The NED’s Risk Forum & Think Tank; BEPS is good for offshore jurisdictions with heavy-weight fund boards. Download the Cover section
April 2016
SWFs push for better governance; Offshore transparency will be bad for the part timers; The risk supervision trend; SEC lays out responsibilities of fund directors; AIMA attacks The NED; ESMA publishes remuneration guidelines. Download the Cover section
March 2016
Fees falling in Cayman; Partial launch of AIMA’s DDQs; Cyber-security: iNEDs are the weak link; Governance guidance issues; Support service for independent directors; Industry reaction to CP 86; SEC’s views on fund boards. Download the Cover section
February 2016
Governance standards vary by domicile; Questions about the questionnaire; Onshore meetings of offshore funds; What to do about the risk supervision problem?; Cayman looking likely for AIFMD passport. Download the Cover section
January 2016
Risk management considerations for fund directors; Annual governance review - Five themes for the year ahead; IOSCO wants more hedge fund transparency; Compulsory director registry in BVI; Solvency II arrives. Download the Cover section
December 2015
CBI to focus on risk; Cayman changes in 2016; Room for improvement; LLCs coming to Cayman; Board diversity in decline in the US; Should directors have indemnities? Investors pushing for improved governance Download the Cover section
November 2015
Over-worked and under-paid: Results of The NED’s Director Survey; CBI gets serious on boards’ risk capabilities; Room for improvement; Alternative fund boards do a good job; Carne raises board gender issue; BEPS problems emerging. Download the Cover section
October 2015
Directors share blame for PE problems; CBI clampdown on director concentration; What BEPS means for directors; Pension fund consultants on the march; 'Cracks' found in funds' fiduciary duty - SEC; AIFMD risk reporting: much effort but little reward. Download the Cover section
September 2015
Uniformity of governance views from investors; What should directors be paid? Investor board select involvement; Private equity governance problems
mount; Network for independent directors; Cayman: U turn on the registry? Download the Cover section
August 2015
Investors need help; CIMA consults on corporate governance reform; Investment governance pensions research; SEC keeps up the pressure; Channel Islands looking good for AIFMD passport; What’s next for private placement?. Download the Cover section
July 2015
Fund board selection: a murky business; Independence for Appleby's fiduciary business; Time for more accurate fund director categorisations; MSCI says board term limits are detrimental; IRS targeting US hedge fund tax avoidance ploy; KPMG gives BEPS warning. Download the Cover section
June 2015
Time for a definition; Another warning from the SEC; CBI to focus on directors' time committments; Rise of the onshore boutique consultancy; BEPS update; EU jumps on the tax bandwagon and blacklists many offshore fund jurisdictions. Download the Cover section
May 2015
AIMA Guide leaves unanswered questions; BEPS could change fund director geography; Time to hear from investors; Fund governance trends in Cayman; Beneficial ownership register a threat to hedge funds; News from the domiciles. Download the Cover section
April 2015
US special issue includes: American exceptionalism; The SEC fills the governance void; Government lesons of US Partnership; Offshore feeders into US partnerships; Destination Cayman; The NES's Director Monitoring Service. Download the Cover section
March 2015
Issue includes: Surprise investor reaction to Weavering; Madoff investors vs PwC and Citco; Time for AIFM governance harmonisation; Mixed news from Guernsey; Ireland introduces the ICAV; Fund boards need gender diversity. Download the Cover section
February 2015
Issue includes: Shoch U turn on Weavering; From Weavering to Weavering: the view of investors; Directors: Goodbye VaRS, hello forward looking boards; Are directors doing enough due diligence on depositaries?; Directors need to get up to speed with BEPS. Download the Cover section
January 2015
Issue includes: Predictions for 2015; Weavering the final chapter; Directors: BEPS now on the industry's agenda; Investor organisation focuses on fund governance; Strong inflows to hedge funds in '14.
Download the Cover section
December 2014
Issue includes: US lawyers see little value in fund boards; All quiet on the Cayman front; Directors: depositaries will help; Eating fund fiduciaries’ lunch?; The third NED Cayman roundtable Download the Cover section
November 2014
Issue includes: What’s it all about?; Changes expected following CBI’s consultation; All roads lead to the US; AIFM ManCo platforms go from strength to strength; Berlin tax agreement is big for fund domiciles Download the Cover section
October 2014
Issue includes: Not in our name; Forget the geography; Lincolnshire fined for breaching its fiduciary duty; From regulator to regulated; AIFM ManCo platforms. Download the Cover section
September 2014
Issue includes: Global association launches to improve fund governance; Is good governance the antidote to pension fund redemptions?; Dublin and Luxembourg NEDs well up for AIFMD; Extensive governance revision in Ireland. Download the Cover section
August 2014
Issue includes: Value of independent directors questioned; CIMA get to capacity; surge in private placement applications in Jersey; Hedge fund frauds: would better governance help?; Director capacity issues. Download the Cover section
July 2014
Issue includes: Irish regulator concerned by fund directorship concentration; Forget CIMA’s database; AIFMD impact will be substantial; SEC focuses on alternative mutual fund governance as inflows surge. Download the Cover section
June 2014
Issue includes: Boards failing on risk management says poll; Cayman director law in force; DMS in US legal action; Boards: Risk measurement is not risk management; Time for the industry to grow up. Download the Cover section
May 2014
Issue includes: Governance risk: stay away from the US; SEC's private fund unit swings into action; Another hedge fund fraud; CIMA on those reforms; A Weavering moment to come for AIFMD fund boards? Download the Cover section
April 2014
Issue includes: Director remuneration: a new model is emerging; SEC launches unit for private funds; What difference will AIFMD make to board risk supervision: Survey reveals concern with AIFMD reporting; Download the Cover section
March 2014
Issue includes: Governance questions as ManCo mania takes hold; Cayman director legislation on the way; The Investor's perspective: Interview with Hermes BPK's Vincent Vandenbroucke; Boards must be proactive not reactive. Download the Cover section
February 2014
Issue includes: Withering attack on US hedge fund partnerships; NED Remuneration Survey; The Investor's perspective: Interview with Mesirow's Greg Robbins; Go slow on AIFMD implementation; Cayman reforms debated. Download the Cover section
January 2014
Issue includes: Four forecasts for'14; SEC to focus on manager and fund conflicts; The Investor's perspective: Interview with Permals David Woodhouse; FCA fines JLT Speciality; Yet more consultation in Cayman. Download the Cover section
December 2013
Issue includes: Questions remain following CIMA reforms; AIFMD board risk oversight problem emerging; The Investor's perspective: Interview with Castle Hall's Chris Addy; Highlights of CIMA’s response to its consultation and SOG. Download the Cover section
November 2013
Issue includes: Can Cayman directors be semi-transparent? SEC wants more cases to go to trial; The Investor's perspective: Interview with Barclays James Newman; UK High Court clarifies directors' duties. Download the Cover section
October 2013
Issue includes: Madoff London trial shows differences
in US & UK approach to justice; Is Irish governance geared up for AIFMD?; Poor governance and conflicts of
interest charges in Luxembourg; Time for a governance upgrade. Download the Cover section
September 2013
Issue includes: Fund boards do little for investors say US and UK lawyers; The NED 500; Fund governance report series: Highwater; Will AIFMD be positive for boards?
Download the Cover section
August 2013
Issue includes: Robust response from DMS to CIMA's consultation; EU accused of gross distortion on female board issue; Big increase in number of Irish directors disqualified; Substance, substance and more substance. Download the Cover section
July 2013
Issue includes: AIFMD will shake up alternative fund boards; Disappointing response from investors to CIMA'S survey; CIMA's boards are not rubber stamping exercises; CIMA's next steps; AIFMD already affecting director searches. Download the Cover section
June 2013
Issue includes: SEC steps in to fill US Director void; Emerging fund industry cartel bad for director diversity; Offshore centres agree to tax demands; AIFMD likely to hamper corporate governance; The NED has a sister. Download the Cover section
May 2013
Issue includes: Threatening Cayman won't work; SEC issues proceedings against Northern Light's directors; The risk fund governance explosion; AIFMD's impact on offshore fund directors; Interview with Paul Harris President of CIDA. Download the Cover section
April 2013
Issue includes: Conflict in Cayman over CIMA's consultation; Willow fund catastrophe highlights directors failures; CalPER takes on 'Zombie' directors; SEC will sue directors for fund advisors' insider trading; The view from CIMA. Download the Cover section
March 2013
Issue includes: Strong response to CIMA's consultation; The elephant in the room; DMS polls it directors; New Director General for Guernsey; Being on the right side of history; SEC data on Cayman governance; CIDA backtracks on Caymn reforms. Download the Cover section
February 2013
Issue includes: Delaware judge slams 'dummy directors', FGA launch plans announced, Now its the Huffington Post's turn, Travers to the rescue, Offshore vs mutual funds: a governance comparision, How much does fund governance really matter? Download the Cover section
January 2013
Issue includes: Cayman consultation: big news but what next? The impact of the FT, What difference has Ireland's new code made?, The curse of conflicts, Independent boards for hedge funds in the US?
Download the Cover section