Politics & Regulation

IPAF to give investors access to professional and experienced non-executive directors


Caroline Hoare
As institutional investors such as the BT Pension Scheme fight for the proper governance of hedge funds, the multiple (and often conflicted) directorships prevalent in the industry are now under the spotlight.

“Reports that some non-executive hedge fund directors in the Cayman Islands are sitting on more than 100 boards each is a concerning revelation for investors. By holding so many jobs, it is a fantasy for any director to think they can perform their fundamental duty of protecting investor interests,” said Meziane Lasfer, professor at the Cass Business School.

“First, the directors are