The future of fund governance

The future of fund governance

Much has changed in fund governance over the last 10 years but a lot has also remained the same. There are the occasional dramas. They erupt from time to time but they have had little to no effect on fund governance practices – unless regulators step in as a result of what has happened.

Weavering, Woodford, the role of the directors in the Carlyle Capital Corp collapse and so forth are good for headlines but they tend not to mean all that much at the end of the day. That is because they are pretty rare exceptions: most of the time everything functions well.

An important part of the reason why everything functions well is of course because of what has been going on in the markets. The performance of most funds over the last ten years has been good, or better. Markets have had a great run. Most investors should have been happy. Not many of them will have had much to complain about.

To read more on this story see the Sept-Oct issue of The NED.

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