Independent Directors In Demand For Cayman Hedge Funds

Independent directors are finding themselves increasingly in demand from hedge funds whose growing list of institutional clients require a greater degree of assurance that their investment is protected, a trend particularly prevalent in the Cayman Islands where the majority of the world’s hedge funds are domiciled, Reuters reports.

With pension funds, endowments and charities having placed billions of dollars into hedge funds, private investment pools considered by some to be risky and too lightly regulated, many trustees are seeking funds with independent directors to ensure their investments are safe.

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