Philadelphia partner Diana McCarthy and associate Carey Bell wrote an article for The Investment Lawyer titled, “Board Oversight Duties of Performance of Alternative Funds.”

The article explores the variety of performance metrics that boards can use in monitoring liquid alt funds, including non-standard performance measurement tools.

Diana and Carey explain why, overall, directors should use their business judgment to determine the most relevant evaluative criteria, consistent with the investment objectives and strategies of the fund.

Read "Board Oversight Duties of Performance of Alternative Funds" here.

Source: The Investment Lawyer