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2008 all over again?

How much better prepared are fund boards for a major market crisis than they were 15 years ago?

The NED was launched in the aftermath of the 2008 crisis. It has therefore followed the evolution of fund governance ever since. Early issues of this publication were full of coverage of dramatic events that would not have come to light if there had not been a crash in 2008 – ranging from Weavering through to the Madoff feeder funds.

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Liquidity risk review time

It is too early to tell whether this is just a mini banking crisis or the start of something more serious. But weaknesses in the banking system are being exposed following recent interest rate hikes and the ending of QE. Could the fund industry get caught up in this?

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The governance of digital assets

Interview with Eelco Fiole
Following are highlights of the discussion that took place between Dr Eelco Fiole and Simon Osborn at The NED’s Digital Assets Governance Forum earlier in March.

SO: What do you think that a good and experienced independent director can bring to the development of digital assets? What difference can they make?

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Director liability and the SFDR

The NED has heard that the SFDR continues to cause some fund directors a lot of problems. And it might be some time before these problems are sorted out.

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Concentration concerns

Concentration risk could well become the next big thing in fund governance, particularly for investors. 15 asset managers now hold 56.7% of all externally managed assets. And just a few recently merged and now debt laden entities, products of the PE boom, service their funds. That is also a worry as the PE bubble has burst.

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