Investors want transparency not new rules

(CNS Business): Cayman hedge funds need to be more transparent for their investors but the industry does not need further regulation, according to Gary Linford, managing director of Highwater, a company that specialises in providing governance services. He said that investors are looking for transparency incorporate governance and competency when assessing directors. The former Head of the Investment & Securities Division of the Cayman Islands Monetary Authority (CIMA) says the authority has been talking with local directors and the allocators for two years but they believe the industry can provide effective solutions which will be better than CIMA coming up with new rules. Read more on CNS Business