Hedge Fund Governance

Jason Scharfman
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Jason Scharfman: Managing Partner of Corgentum LLC., a specialist consulting firm with offices in New York and San Francisco.

in Elsevier Monographs from Elsevier, currently edited by Candice Janco

Abstract: Hedge Fund Governance: Evaluating Oversight, Independence and Conflicts summarizes the fundamental elements of hedge fund governance and principal perspectives on governance arguments. An authoritative reference on governance, it describes the tools needed for developing a flexible, comprehensive hedge fund governance analysis framework. Case studies and interviews with professional fund directors shine a bright light of pragmatism on this framework. The author’s global analysis of more than 5,000 hedge fund governance structures enables him to draw realistic conclusions about best practices. He also explores the value consequences of good vs. bad governance, estimating the actual dollar losses that can result from bad governance, as well as the operational and investment performance benefits of certain governance practices. Presents methods for evaluating qualifications, conflicts of interests, fees, obligations and liabilities of hedge fund Boards of Directors. Explains techniques for developing a hedge fund governance assessment program, including analyzing legal documentation analysis and financial statements for governance related information. Uses case studies and example scenarios in hedge fund governance successes and failures to explore investor governance rights and fund manager responsibilities in onshore and offshore jurisdictions.

Keywords: Activism; administrator; AIFMD; AIJ Japan; annual governance meeting; Auditor; background investigation; bankruptcy; Board of directors; board of directors database; CalPERS; capacity; Cayman Islands; Cayman Islands Monetary Authority (CIMA); China; Citco; class action; committee; compliance; conflict of interest; corporate governance; Diligence; environmental, social, and governance (ESG); financial crisis; fraud; fund-raising; global governance code; Hedge fund; hedge fund administrator; hedge fund fees; hedge fund legal counsel; Hedge fund regulation; information technology; insider trading; institutional investor; investor; JOBS Act; key person event; Lancer; Lipper hedge fund; Liquidation; Madoff; Malta Financial Services Authority (MFSA); master fund; Operational due diligence; order management software; Ponzi; Sark; Securities and Exchange Commission; socially responsible investing (SRI); transparency; Valuation; Weavering; Weavering case; zombie fund (search for similar items in EconPapers)
Date: 2014 Originally published 2014-10-21.
Edition: 1
ISBN: 978-0-12-801412-7
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