Demand for Directors Growing
Hedgeweek: Hedgewire Newsletter (Monday, Jan 29, 2007)
Cayman Net News (Monday, Jan 29, 2007)

As the number of funds registered in the Cayman Islands continues to grow, it could put a lot of pressure on the demand for independent directors who sit on the boards, according to the Managing Director of Athena International Management.

At a recent hedge fund conference in Cayman, Allison Nolan of Athena International, which specialises in providing independent directors to hedge funds, said the growth in the investment funds industry means there is a potential that the fund industry may not have enough experienced directors with capacity and independence to serve on the growing number of hedge fund boards.

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Based in the Cayman Islands, Athena International Management Limited is a sophisticated offshore provider of directorship services, primarily to the investment funds and structured finance industries, together with a comprehensive range of corporate services. For more information visit www.athena.ky