Many horrors were uncovered when the last crash occurred. How much better prepared are fund boards for the next one?

The horrors that were uncovered last time were often in the alternative fund sector. Many of these funds were domiciled in Cayman and consequently that was where a lot of the post-crash fallout happened. But it was by no means only Cayman.
 

shadow

Every crash is different but the outcome for investors is much the same each time. What can boards do to ensure that their communication with investors is seen to be satisfactory when the fund starts falling apart?

shadow