Directors, administrators, and their fiduciary responsibilities

It's not all beer and skittles for fund directors, explains Meridian Fund Services' Thomas Davis, and administrators are well-placed to take on the responsibilities

As the hedge fund industry matures, there is an increasing debate about which entity, entities, person or persons should be charged with protecting shareholders' interests. Although I will be presenting my views from an offshore (Bermuda/Caribbean) perspective, I think many of the principles discussed have relevance for effective corporate governance for onshore hedge funds as well.

One advantage of having been in the administration business since 1979 is that I have been involved in many