The fund management industry has seen increased demand for greater corporate governance in recent years.
This extends to fund directors, who are now required to have a deep understanding of the industry and extensive, relevant experience.
Fund Executives meets this demand by providing locally-domiciled, specialist director services. The directors are independent from the fund managers and have many years of direct experience.
Fund Executives provides independent, professional director services to funds and investment vehicles.
These structures include alternatives such as hedge funds, private equity, real-estate funds and bespoke SPVs, as well as traditional approach investment and UCITS funds.
Services are offered across all geographic regions, with roles typically being carried out in Luxembourg, Cayman and the Channel Islands.
Limited number of mandates.
The Financial Times and New York Times recently highlighted the fact that many directors sit on the boards of hundreds of funds.
Investors disapprove of this volume approach as it has a clear impact on a director’s ability to perform their fiduciary and regulatory duties effectively.
Fund Executives commits to a maximum number of board positions per director and provides complete transparency to clients.
Professional service.
Fewer mandates means more time for each client. Fund Executives directors always review documents and attend board meetings personally; there is no delegation of duties. The directors commit to availability at short notice for guidance and input.
Independence.
Investors now require the board to be at ‘arm’s length’ from the manager. The directors at Fund Executives are completely independent from the manager of any fund they represent, or indeed from any service providers.
Experience.
Relevant, up-to-date expertise is essential in order to understand a fund’s strategy, nature of underlying investments and overall infrastructure. Fund Executives has many years of advisory experience in the sector and is in constant review of all such issues.