Hedge Fund Directorships in Caymans Stir Debate – NYTimes.com

Hedge Fund Directorships in Caymans Stir Debate – NYTimes.com.

The subject of hedge fund directors has become an industry obsession, headlining conferences, including one in April at the Grand Cayman Ritz Carlton.

Cayman Islands-Nader Nazemi

This is amazing. How easy it is to set up directors for a hedge fund. One wonders how many of these funds with fake directors are out there.

GEORGETOWN, Cayman Islands — Just off the tarmac at the Grand Cayman International Airport, visitors were recently greeted by colorful banners advertising the Caribbean island’s sunny offerings: waterfront seafood restaurants, tax-free shopping — and hedge fund directors for hire.

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