Hedge fund directors lack credibility, says survey

Investors say directors should provide active oversight

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 understanding of t

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