Bite the bullet on governance

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You heard it here first: corporate governance will be the next big issue to hit hedge funds. The industry is wide open to criticism on this front. Word to the wise - jump on the bandwagon early, because soon you will be hearing about it from institutional investors and regulators.

For hedge funds, corporate governance usually translates to the following: Is there any independent oversight of a fund, and is there any internal or external oversight and standards in important areas such as valuation of assets? Usually this boils down to whether a fund has