Directors, administrators, and their fiduciary responsibilities


As the hedge fund industry matures, there is an increasing debate about which entity, entities, person or persons should be charged with protecting shareholders' interests. Although I will be presenting my views from an offshore (Bermuda/Caribbean) perspective, I think many of the principles discussed have relevance for effective corporate governance for onshore hedge funds as well.

One advantage of having been in the administration business since 1979 is that I have been involved in many sit