Thursday, 2 October 2014
Last updated 1 hour ago
Jun 10 2013 | 8:18am ET
HedgeDirector has almost tripled its panel of directors, increasing the number of professionals on its platform from six to 17.
The new directors are based around the globe and have extensive finance and alternative investment backgrounds.
The platform’s founder, Kevin Ryan, describes the development as a revolution in fund oversight and a response to the changing landscape of fund governance.
“While institutional investors and regulators have been pushing for better oversight of their hedge fund investments, until now there has been no easy way of finding the right people to fill these roles. To help solve this problem, we are creating a one-stop location for funds to find credible professionals to staff their boards,” he says.
One common criticism of hedge fund directors is that some of them take on the role for hundreds of funds, which renders them as little more than a name on a document.
Ryan says that all of the directors on his firm’s platform commit to accepting a maximum of 15 directorship relationships each.
“Alternative industry governance is entering a new phase,” says Ryan. “Investors are demanding directors who are better skilled, more focused and more transparent in their dealings. At HedgeDirector, we have assembled a large team of industry professionals who can deliver that service.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...