Posts tagged ‘carried interest’

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Private Funds Need Bolder Boards

The days of ‘rubber-stamping’ Cayman directors are over

If “carried interest” is not enough to fret about, US private equity and hedge fund managers now face the unwelcome prospect of “independent” boards.

The model of a couple of professional Cayman Islands directors performing a perfunctory oversight role no longer cuts the mustard.

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Private Equity under Pressure

Greater transparency and lost perquisites may be unavoidable

Thanks to Mitt Romney and the Carlyle 3, the multi-trillion dollar private equity fund industry is now in the regulatory cross-hairs, and increased public scrutiny, coupled with the current drumbeat of adverse publicity, could easily result in PE fund managers having to provide greater transparency about their portfolio investments and, possibly, give up some of their prized perquisites.