Tuesday, 28 April 2015
Last updated 2 hours 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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…