Top stories

The NED is developing a system of rating fund boards by composition this year. The aim is to commend strong fund boards and to encourage those with weak boards to improve them.  The NED is consulting with the industry on various aspects of this project and we would encourage subscribers to give us their feedback over the coming months.

In the meantime, The NED has begun the process of examining board composition jurisdiction by jurisdiction. We expect to have covered all international fund jurisdictions by the end of spring. We have started in Jersey. 

shadow

The NED’s research into fund boards shows an extraordinary variance in standards – including from funds in the same asset class and jurisdiction. Some funds take director selection seriously. But there are others that appear not to.

shadow

Cayman just managed to avoid the EU blacklist in December. It did this by promising the EU more substance and transparency. This looks likely to mean, amongst other changes coming to Cayman, a requirement for funds to have local directors.

shadow

The global tax landscape for your typical alternative investment fund
(‘AIF’) is one of increasing complexity and scrutiny. Global tax provisions is becoming ever more complex and cumbersome with tax transparency and exchange of information becoming the norm.

shadow

Can well qualified, locally resident directors solve the substance problem that alternative funds have as a result of BEPS and related measures coming from the EU?

shadow