January 2023
Issue includes: Tokenisation: the governance distruptor; Private equity fund governance review; Selection Trends Report; An EMU break-up? The governance of digital assets; The NED’s fund director ratings. Download the Cover section
December 2022
Issue includes: Crypto: what happens next year? Director mismatch; Governance questions for managers; Here comes level 2 SFDR; The NED’s fund director ratings; The NED leading governance & ManCo listings; IFI Global’s podcast library launches. Download the cover section
November 2022
Issue includes: FTX: governance lessons galore; Black swans & liquidity; Identifying potential problems; 2022 Director Survey results; The NED’s fund director ratings; IFI Global’s podcast library launches; The NED leading governance & ManCo listings. Download thecover section
October 2022
Issue includes: Risk governance review; Identifying potential problems; Liquidity risks at UCITS funds; Third-party ManCo risk; Fund board effectiveness; The NED’s fund director ratings; The NED leading governance & ManCo listings. Download the cover section
September 2022
Issue includes: The governance of digital assets; Selection Trends Report launches; Risk govrnance: Gambling away the UK? Ireland vs Luxembourg; Franklin-Templeton to offer digital asset strategies; Crypto going green? The NED’s fund director ratings. Download the cover section
August 2022
Issue includes: The digital asset revolution; Post-crash reflections; Technical directors wanted; Risk governance: China; The NED leading governance & ManCo listings; Evolution of the fund domiciles; The NED’s fund director ratings. Download the cover section
July 2022
Issue includes: Sustainable governance problems; The NED expands into education; Risk governance: the euro; Board composition update; Director selection is evolving; Crypto liberalisation comming to the UK. Download the cover section
June 2022
Issue includes: ESG: director issues emerging; Crypto: the beginning of the end or the end of the beginning? Risk governance review; 2008 again? Amundi CIO calls the PE industry a ‘pyramid scheme’; PwC report on crypto hedge funds; Short selling as a tool to achieve ESG goals. Download the cover section
May 2022
Issue includes: What's around the corner?; Risk preparation for fund boards; Risk Governance Survey; The governance of crypto funds; SIS data on ManCos; Has the ESG ETF bubble burst? The NED leading governance & ManCo listings. Download the cover section
April 2022
Issue includes: Inadvertently revealing? Time for a risk governance review; Results of The NED’s selection survey; Shell directors sued for ‘failing to prepare company for net zero’; IFI Global launches the Risk Governance Forum; Leading governance & ManCo listings. Download the Cover section
March 2022
Issue includes: Risk management re-think; Non-quantifiable risk; A shot across the ESG bow for fund boards; EU and UK gulf is widening; Texas forces ESG clarification from investors; The NED’s fund director ratings; IFI Global launches the Risk Governance Forum. Download the Cover section
February 2022
Issue includes: US private funds: the SEC steps in; Cayman & the EU’s AML list; Director marketing advice; Fund governance by jurisdiction series: Guernsey; The governance of digital assets; ESG regulation in the US; The end of reverse solicitation? Download the Cover section
January 2022
Issue includes: Risk: danger ahead? Fund governance by jurisdiction:Luxembourg; What US managers want; Workload worries; Brexit: little damage done; IQ-EQ launches hybrid funds desk; Institutional investors increasing their focus on ESG; Record AUM surge at ManCos. Download the Cover section
December 2021
Issue includes: What about the governance? Private equity special report; Fund governance by jurisdiction: Ireland; Sustainable investing: investors views; Post Brexit US growth for the City; No equivalence? No problem; AIFMD II at last; IFI Global Vision: Outlook for 2022. Download the Cover section
Novenber 2021
Issue includes: Fund governance by jurisdiction: Cayman; The governance of ESG funds; Fund directors and financial crime; The NED’s fund director ratings; New SFDR obligations; Fund structuring trends survey results; IFI Global launches FSI for the US. Download the Cover section
Sept-Oct 2021
Issue includes: CBI fines Sarasin; Crash preparation; Independent director selection post pandemic; The surprising impact of ESG; The NED’s fund director ratings; The future of fund governance; Effective Directors: The Right Questions to Ask. Download the Cover section
August 2021
Issue includes: Board composition: whose funds are best?, Does fund governance matter?; Tenth anniversary eve issue; Chaos postponed; IFI Global launches FSI for the US; Service provider M&A mania; Cayman extends its economic substance regime to partnerships. Download the Cover section
July 2021
Issue includes: Managers with the best fund boards; Recognition of managers with the best fund boards; Ignorance is bliss; UK gives up on equivalence; The EU’s new distribution directive: big changes; Ground-breaking research; G20 advances global corporation tax. Download the Cover section
June 2021
Issue includes: Consultation results; Investor research results; Sec freezes Cayman fund; Time for term limits; Fund governance in focus; EU portfolio mgnt delegation change problems; Congress advances ESG & offshore jurisdictions disclosure bill. Download the Cover section
May 2021
Issue includes: Concern for Cayman? Update on The NED’s fund board composition consultation; ESG risk: becoming a problem; ESG governance-washing; More tax pressure on Ireland; ManCo risk survey results; France blocks financial equivalence agreement. Download the Cover section
April 2021
Issue includes: Consultation on fund board composition standards; Do variable standards matter? A conflict of interest? Diversity & disclosure from the SEC; Cayman director cancelled; EU & UK agree to talk; The NED's fund rating criteria; A global corporation tax? Download the Cover section
March 2021
Issue includes: Comparing board composition; Fund board composition feedback; Director selection in the ESG era; Fund governance and the SFDR; Risks raised of investing in the EU; Criticism of the FCA’s ACD probe 5; The Channel Islands and the SFDR. Download the Cover section
February 2021
Issue includes: Analysing Cayman’s fund directors; Time to embrace transparency; Governance becoming critical; The governance of the ILP; The NED's fund rating criteria; ESMA questions reverse solicitation; KPMG survey of Irish UCITS directors. Download the Cover section
January 2021
Issue includes: Cayman might return to the EU's blacklist; No EU-UK equivalence agreement for now; Manager fund governance ratings consultation, Fund governance special: Wide differences in standards; Use of independents; The good and the not so good; Board diversity. Download the Cover section
December 2020
Issue includes: Non-compliant Cayman directors named and shamed; Tracking fund boards by composition; What difference has CP86 made? ESG’s impact on fund governance is coming; Delegation: changes coming; Economic substance rules extended to partnerships. Download the Cover section
November 2020
Issue includes: Results of the NED'S 2020 Director Survey; The NEDs's green indepenent directors; Dear Cayman: An open letter to our Cayman subscribers; What to make of the CP86 review; The NED launches its Selection Intelligence Service (SIS); EU relents on ESG reporting deadline. Download the Cover section
October 2020
Issue includes: Radical change ahead; The NED director ratings update; Tax and legal concerns mount; Fast forward to the tech era ahead; The CP86 review is out; Fund Director Survey 2020; Launch of The NED’s monthly online Forum; Cayman is off the EU blacklist. Download the Cover section
September 2020
Issue includes: Time to promote independent directors; Director categorisation & ratings; Structural changes ahead; Suspense over the suspension; London clearing drama; The NED launches its Selection Intelligence Service (SIS); Time to review emergency measures. Download the Cover section
August 2020
Issue includes: Director ratings update; Danger ahead; Covid governance problems in Lux; Junk the two-director rule; The role played by depositaries; Expert Fund Boards; Equivalence: ever less likely; Brexit: from bad to worse; EU Cross-Border Jurisdictions Think Tank. Download the Cover section
July 2020
Issue includes: Man vs machine; Consultation update; Director selection in the Covid-19 era; Offshore confidentiality: another blow; What about AIFMD II? Singapore competes as an international fund domicile; EU-UK equivalence now in doubt; EU Cross-Border Jurisdictions Think Tank. Download the Cover section
June 2020
Issue includes: Board diversity: long overdue; Board & director ratings update; Adapting EU cross-border fund governance models for Covid-19; Cayman introduces fines under its beneficial ownership regime; Cayman’s regulatory regime for virtual assets. Download the Cover section
May 2020
Issue includes: Cayman's bitter Tangerine; Time for a fundamental rethink; Transparency in the Zoom era; Director residency rule reform? Private debt fund governance issues; EMU in peril; Back to Brexit; An all-Ireland fund industry? Expert Fund Boards. Download the Cover sectio
April 2020
Issue includes: Liquidity: problems soon; Emergency measures: trouble ahead; Muddling on through; Expert Fund Boards; Luxembourg takes ‘defensive’ measures against Cayman; ESMA consultation on limiting leverage at alternative funds; Italian debt crisis coming. Download the Cover section
March 2020
Issue includes: Déjà vu all over again?; Crisis advice from the IoD for boards; Asset manager boards failing on gender diversity; Coronavirus: What does it mean for board meetings and substance? ManCos and the market crash; BEPS and Luxembourg. Download the Cover section
February 2020
Issue includes: Is Cayman too complacent or too innocent? Liquidity risk: Are boards up to speed? Cayman: Time to lose the secrecy; More responsibilities for EU directors; Director ratings and due diligence plans finalised; ACDs’ conflicts of interest reviewed. Download the Cover section
January 2020
Issue includes: A revolution ahead?; Director ratings & due diligence; The governance of Luxembourg’s AIFMs; Governance: The silent letter in ESG; How equivalent is equivalence?; Delegation: rules changes likely; Cayman’s Private Funds Bill. Download the Cover section
December 2019
100 issues young (What The NED has learnt over the years); The NED’s 2019 Director Survey; The good, the bad and the ugly; Traffic light director ratings; IFI Events January-June 2020; UK boards: no ESG please; Expert Fund Boards. Download the Cover section
November 2019
Ireland’s jumbo directors: an update; ESG governance ratings; Sham independents; 2020 the year of BEPS; Risk governance: does it add value? Substantial change ahead in the EU; Transparency coming to US shell companies? Expert Fund Boards. Download the Cover section
October 2019
Fund governance by jurisdiction; The ESG game changer; Top of the fund governance tree; Director ratings update; The NED's global investor survey; Woodford: the end of the beginning; ManCo M&A activity jumps; Wanted: An EU investment management centre. Download the Cover section
September 2019
UK independents: deadline time; Consultation on director ratings; Transparency: the key to improving fund governance;ESMA’s asset management warning; Brexit delays are causing ESMA problems; Divergent views on regulation in Europe emerge. Download the Cover section
August 2019
Irish directors are in danger of becoming ‘micro-managers’; Hands-on vs lofty detachment; US partnerships: the last governance frontier; Expert Fund Boards; Can director firms be ‘vicariously liable’? Looming liquidity concerns; When is a NAV not a NAV? EU passporting review. Download the Cover section
July 2019
Director rotation in Ireland; Alt UCITS: liquidity risk issues; Term limits: long overdue?; Consultant directors on the rise; Expert Fund Boards; The cost of gating; ManCo risk oversight issues; Crackdown on US shell companies; ESMA consultation on UCITS performance fees. Download the Cover section
June 2019
The lessons of Woodford; Time for an FCA re-think? Fund board performance evaluation; Improving director selection; European Expert Fund Boards; Alt UCITS liquidity risk; More substance required in the EU; PM delegation changes back on the table. Download the Cover section
May 2019
Ireland's jumbo directors; ManagementPlus Cayman license revoked;Cayman’s substance changes; The lessons of Abraaj; Atlantic Fund Forum; New AML regulations in Cayman; ManCo oversight: cost vs benefit; Cayman issues substance guidance; Expert Fund Boards. Download the Cover section
April 2019
More transparency wanted; The pros & cons of transparency; Independents: how many are needed? Amateur vs professional directors: what’s better? Little progress on US corporate boards; BVI publishes its draft Economic Substance Code; A let off for the Crown Dependencies. Download the Cover section
March 2019
Let the sunshine in; No independent oversight please, we’re British; UK independents: lipstick on a pig? Cayman avoids the blacklist; ManCo demand growth; Brexit exodus laid out; More tax changes from the OECD; Cayman prepares for a negative FATF assessment. Download the Cover section
February 2019
Where will it come from?; Boards in bear markets; Regulatory oversight; Investor communication; The EU’s Brexit olive branch; No ‘Brexodus’ boom yet; Cayman ‘will not be bullied’; Delegation: the devil’s in the detail. Download the Cover section
January 2019
Issue includes: UK fund governance changes: trouble ahead? End of the rubber stamp era; What the FCA wants to achieve; Cayman corporate directors; Fund Governance Research Study; Brexit chaos; Yet more on public registers; AIFMD II is on the way. Download the Cover section
December 2018
Corporate directors dominate in Cayman; Cayman's own BCCR; Struggling? Time to strengthen the board; European Expert Fund Boards; A perspective on the substance rules
from Jersey. Download the Cover section
October 2018
Time to start the ratings; Industry feedback on rating fund
boards; The view from London; 2018 Director Survey; EU hypocrisy on financial secrecy; Ireland all alone. Download the Cover section
September 2018
Board capability ratings for investors; Director selection: end the amateurism; Will there be governance issues with Jersey LLCs?; Is more fund board regulation needed?; Irish performance fee issues. Download the Cover section
August 2018
Rise of the consultant director; Offshore directors to the rescue?; The governance of co-investing; Tax tangles; 2018 UK Corporate Governance Code published; Get rated by The NED. Download the Cover section
July 2018
Risk governance special report: Fund board ratings consultation; What more can boards do?; Is AIFM risk oversight worth it?; Cayman fund boards ten years on from the crash; ManCos: Some are struggling; Here comes CP 120. Download the Cover section
June 2018
The NED launches Director Search; The NED’s top 50 alternative fund boards; Its coming: UK changes underway; Exploring risk issues; Public property register coming to
the UK; EU blacklist threat update; Lux ManCos: transparency needed. Download the Cover section
May 2018
CDOT Connect launched; Coming soon: public offshore registers; Brexit: getting scary; UK corporate governance: shareholders want more oversight; Luxembourg’s most impressive; Luxembourg governance: too complicated; Who is right on residency?. Download the Cover section
April 2018
Time to overhaul director selection; Mind the governance gap: Cayman drifting further away from Europe; Why the FCA did it; Cayman LP issues; MiFID II: The Phoney War; Too few players and not very alternative; A ManCo risk capability assessment. Download the Cover section
March 2018
UK independent directors: coming soon; Ireland's most impressive; CP 86 roundtable; Guernsey board chairmen on director selection; Time to debate directors’ fiduciary duties; Proposal to clarify ‘Pre-marketing’ under AIFMD; Cayman’s beneficial ownership regime. Download the Cover section
February 2018
End of the traditional NED?; Rating Guernsey fund boards; Guernsey's best fund boards; View from the top; Remuneration rising rapidly; Risk oversight: is it worth the cost? Here comes AIMD II; EU market access issues for UK managers. Download the Cover section
January 2018
Fund boards: Jersey’s best; Boards: more transparency & standardisation please; Fund boards: more substance required; A Cayman director residency requirement?; Is tax the forgotten risk as far as fund director fiduciary duty is concerned. Download the Cover section
December 2017
Carlyle: independent NED expertise unnecessary; Fund board ratings; Private equity fund governance; Investor involvement needed; The Fund Governance Association; Delegation denial; Strong ManCo growth; Tax & regulatory convergence. Download the Cover section
November 2017
Much more investor contact; Fund board rating consultation; 75 issues young; NEDs are key ManCo selectors; Apollo partner charged; Poll shows delegation worries; Paradise Papers fallout; What is Cayman’s European future; MiFID II regulatory grace. Download the Cover section
October 2017
Full steam ahead; Independent Risk Management: Really?; What it all means; The governance of co-investing; Development of the Irish Fund Directors Association; Boom in ManCo corporate changes; MiFID firms converting to AIFMs; Prepare for the GDPR. Download the Cover section
September 2017
Time for LPAC standardisation?; Views on director selection; Investor influence grows; More from ESMA on Brexit; HMRC to focus on corporate tax evasion; CRS implementation; Recent developments under FATCA; Jersey private placement growth. Download the Cover section
August 2017
Director selection: overhaul needed; Time to define; Director remuneration: time for more flexibility?; Director DDQ breakthrough; A softer line in the US; Greater scrutiny in the UK from directors; Ireland reforms its limited partnership legislation. Download the Cover section
July 2017
Independents: the UK goes from famine to feast; Director compensation to go through the roof; SEC to focus on disclosure; Educating the British on independent fund governance; BEPS: let the changes begin. Download the Cover section
June 2017
Brexit: an EU fund director bonanza; The MLI requires boards to make the decisions; Risk governance: how much value does it add?; US alternative fund numbers grow but NAVs show slight decline; Cayman introduces beneficial ownership law. Download the Cover section
May 2017
What is risk governance? The value of risk governance; Onshore directors for Cayman funds; Time for boards and LPACs to work together; FSB publishes thematic peer review on corporate governance; Fund governance in Luxembourg. Download the Cover section
April 2017
Learning from LPACs; Irish director capacity problems; Risk Governance Forum launch; Difficulties at ESMA; Lux-leaks returns; Director evolution; Forget the AIFMD review; Few independent directors at European UCITS funds. Download the Cover section
March 2017
Fund fraud: directors’ responsibilities; Finally, real investor involvement; Ill-prepared for the tax Tsunami; Risk governance cost explosion; Passive investing is bad for governance; BEPS: UK’s approach to the MLI criticised; AIFM ManCo platforms: strong growth. Download the Cover section
February 2017
Watch out for BEPS; The NED launches Director Search; Preparing for BEPS; Risk governance issues to resolve; Independent directors for UK fund boards?; Director capacity issues in Ireland; SEC bars private equity advisor; ManCo platforms’ large fund dilemma. Download the Cover section
January 2017
The NEDs new name; Director diversity; Change, change and more change; Risk supervision; 2017 will be tough for ESMA; EU tax transparency plan watered down; Stats from CIMA; Automatic exchange of information now in force in the EU. Download the Cover section