A new survey from governance specialists Carne Global Financial Services has shed light on some of the ways in which allocators to hedge funds believe managers can improve their corporate governance, and sets out the minimum requirements that they expect.

Carne approached the top 100 allocators for its survey and received responses from investors representing a total of $600m in allocations, or about 30% of global industry assets. Over three quarters of respondents said they had decided against investing in a fund because of corporate governance concerns, while 87% of allocators said that governance had become much more of an issue since 2008.