Should fund directors be regulated? How many hedge fund directorships are too many? Should the number and name of each person’s directorships be transparent or concealed from investors?
These are some of the questions that will be addressed by a session during the Offshore Alert conference in Miami Beach in May.
The session titled “Inside Cayman’s Hedge Fund Industry” will feature Don Seymour, founder of DMS Offshore Investment Services, and Matt Mulry, a partner with Dillion Eustace from the Cayman Islands, who has legally advised many hedge funds on compliance, regulatory, governance and other issues.
Mr. Seymour will discuss his routine, including the number of board meetings he attends every day, the level of his input, what he believes he is required to know about funds of which he is a director, and, generally, what he views as his duties and obligations as a director.
Both will be joined by John Prout, executive director of the Washington, DC-based Foundation for Fund Governance, which was established by former hedge fund professionals to shed light on fund governance practices, including compiling a database of directorships to increase transparency.
The Offshore Alert conference offers presentations and panel discussions on the latest laws, regulations, strategies and best practices to detect financial crime, comply with legislation, identify and exploit opportunities and successfully navigate risk in international finance.
Speakers at this year’s event include leading experts in the areas of tax, law, compliance, regulations, investigations and asset recovery.
The Offshore Alert Conference will take place at The Ritz-Carlton, South Beach in Miami Beach, Florida, between 5 and 7 May.