Cay Compass – Don Seymour, managing director of DMS Management, one of the largest fund governance firms in the Cayman Islands, called for closer regulation of hedge fund directors by the Cayman Islands Monetary Authority and the introduction of a director disqualification regime during last week’s Cayman Fund Focus conference hosted by law firm Campbells.
“At a minimum we need a directors disqualification regime in Cayman,” Mr. Seymour said in a panel debate about the future of fund directors. “I think that CIMA needs more power over the way directors run their business.”
