Hedge fund directors lack credibility, says survey

Investors say directors should provide active oversight

magnified-and-examined
Investors taking closer look at hedge fund directors

Hedge fund directors continue to come under pressure to improve oversight and corporate governance at funds. A majority of investors and operational due diligence analysts think directors do not provide true independent oversight of funds while nearly three-quarters believe directors do not serve a useful function, according to a recent survey. Of those polled, 73% of investors say they do not think directors are “useful”. However, the survey points out that there is a lack of und

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