Cayman proposals a low priority in Asia

Jul 21, 2013

The Cayman Islands regulator may water down its plan to cap the number of fund board directorships, but the issue is getting less play in Asia than in the West.

The Cayman Islands Monetary Authority (CIMA) may drop its proposal to cap the number of fund board directorships an individual can hold following fierce opposition from the hedge fund industry, sources say.

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