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.
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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?
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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?
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December 2012
Issue includes: SEC charges eight fund directors; CP60 a missed opportunity in Ireland; Board independence: how beneficial is it; Director remuneration is key to improving supply; Hedge funds are far behind mutual funds in governance. Download the Cover section
November 2012
Issue includes: Femaile board quotas will impact EU funds; Lawsuits likely to fly in Axiom fallout; Utah and USS lead the institutional governance charge; HSBC problems are bad news for offshore centres; What skills must boards have? Download the Cover section
October 2012
Issue includes: Cayman fund issues writ against HSBC Luxembourg's CEO; Fund governance hotly debated in New York; Does it matter that governance standards vary by domicile?; The elephant in the room: Thoughts from Washington DC. Download the Cover section
September 2012
Issue includes: Survey shows divergent views on critical governance issues; Harbinger: A tale of fund governance incompetence?; Launch of the FGA; Frightening and fearsome FATCA; News - from the domiciles. Download the Cover section
August 2012
Issue includes: Cayman director tax likely - Rumours fly around the boutiques will be badly hit, NED expansion this autumn, NED News - from the domiciles, Survey finds no trend to redomiciliation.
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July 2012
Issue includes: Directors are you up to speed on FATCA, Reflections on Madoff from a Tremont director, Fund governance regulation: How Jersey does it, Merkin disaster leaves many questions for directors.
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June 2012
Issue includes: How are funds dealing with the Euro crisis, The evolution of fund governance, The view from CIMA, Directors beware: Learn the lessons of Stanford, NED News from the domiciles, Conflicts of interests in Ireland. Download the Cover section
May 2012
Issue includes: Which way director regulation in the Caribbean, Fund governance forum to be launched, Getting investors involved, The Gold standard, NED News from the domiciles, D & O insurance.
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April 2012
Issue includes: Breakthough in director time measurement, Governance likened to a Swiss watch, Veteran blames lack of Cayman reforn on 'vested interests', NED News from the domiciles.
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March 2012
Issue includes: Wanted Directors with investment experience, Changes coming in the US, Cayman regulation: Will CIMA stick or twist, NED News from the Domiciles, Education for directors.
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February 2012
Issue includes: Reform or we're off threat to Cayman, Irish Authorities clamp down, Are insurance premiums about to go up?, Can directors add value?, What price fund governance.
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January 2012
Issue includes: Predictions for 2012, The Irish Code, NED News from the Domiciles, The industry's Achilles' heel, The pros and cons of regulation.
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December 2011
Issue includes: Hatchet job on DMS leaves more questions than answers, The impact of the FT, NED News, AGMs for hedge funds, Director capacity, Asian director developments.
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November 2011
Issue includes: Bear Sterns: The implications for directors, Manager selection changes ahead, Conflicts of interest, NED News from the Domiciles, Ireland, Directors: The mangers view.
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October 2011
Issue includes: Who wants to be a fund director, Should administrators also be NEDs, Fund director selection: Who decides, Greg Robbins interview, Duty is not just a four letter word.
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September 2011
Issue includes: Investors say they will pay more for top directors, Shockwaves from the Weavering judgement, NED News from the Domiciles, and Fund director appointments.
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