On 24th October 2012 the Commission de Surveillance du Secteur Financier ("CSSF"), released a new Circular – 12/546 – which covers the authorisation and organisation of Luxembourg Management Companies ("ManCos"), subject to Chapter 15 of the Law of 17 December 2010 on undertakings for collective investment schemes and investment management companies that have yet to designate a Management Company (i.e. self-managed investment companies or Sociétés d’Investissements Autogérées, also known as "SIA

The Cayman Islands Monetary Authority has issued its proposed Statement of Guidance for Regulated Mutual Funds.

As the Asian fund management industry matures, we are seeing larger hedge fund firms emerging in the region that are seeking institutional mandates.

The Alternative Investment Fund Managers Directive ("AIFMD") entered into force in the European Union in 2011, with member states required to implement it by July 2013.

This third issue in the Hedge Funds Governance Series elaborates on board meetings for hedge funds.

This second issue in the series of Hedge Fund Governance Briefings focuses on the role of hedge fund directors.

The UK's Financial Services Authority has issued a circular following a review of asset management firms' enforcement of internal conflicts of interest policies.

This is the fifth issue in the Carne Hedge Fund Governance Series and examines some of the critical operational functions that should be overseen by fund directors.

This fourth issue in the Carne Hedge Fund Governance Series examines conflicts of interest that exist within the hedge fund environment.

The call for changes in the way that alternative fund boards are constituted is becoming increasingly evident in the opinions being expressed by investors.

In recent years the hedge fund industry has seen a continuous shift from high net worth individual investors to institutional investors, and these types of investors are set to increase their allocations to this sector of the investment management industry.

This is the first of a series of Hedge Fund Governance Briefings in which we will focus on the practical aspects of governance in the context of the current environment for hedge funds.

Following the downgrade by Moody’s of a number of major global banks, managers should urgently be addressing their funds’ counterparty risk.

The Central Bank of Ireland (CBI) issued a letter on 12th October 2012 to all regulated companies discussing the findings of the inspections they had conducted to review industry compliance with the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010 ("CJA 2010").

The topic of fund governance has been rising steadily up the agenda on both sides of the Atlantic in the past few years.

开曼群岛具有得天独厚的优惠税收制度，全球绝大部分离岸对冲基金在此注册上市投机经营。

The increased focus on the quality of governance on hedge fund boards comes as a direct result of higher levels of institutional investment in hedge funds coupled with the higher governance standards that they require post- 2008.