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Former Top Financial Regulator Worked at Collapsed Hedge Fund Heather Capital

WSJ – A former top financial regulator who wrote a book on corporate governance worked as a director of Heather Capital, the $600 million hedge fund whose collapse has sparked a police investigation.

John Bourbon, a former managing director of the Cayman Islands Monetary Authority and head of supervision at the Isle of Man Financial Supervision Commission, was a director of Isle of Man-based Heather from 2006 onward, according to corporate filings. He also worked as a director of Aarkad, the main fund that fed money into Heather.

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