The November issue features a profile of prime brokerage JP Morgan, talking about how regulation in the US and Europe will affect the industry as well as view on leverage limits and requirements.

The company is keen to boost its international capabilities. I ask how it will ensure it is able to provide the same services around the globe.

JP Morgan has just completed a project to integrate the synthetic, fixed income, foreign exchange and equity prime brokerage business of the old Bear Stearns. We give you an update on this and discover whether JP Morgan now provides the most comprehensive product coverage of any of the main prime brokers.

The past two years have driven change in all aspects of the hedge fund industry. Independent directors have not escaped.

Despite some directors running foul of litigation against their funds, the changes have been generally positive. Investors and managers see a greater need to appoint independent directors.

Independent directors from around the world talk to us to explain how more hands-on work with fiduciary responsibility has impacted the amount of time that needs to be devoted to every fund.

This increased workload has reduced the number of directorships one person can fulfil. With fees rising and the pool of experienced individuals growing, we look at what the next challenges will be for this vital area of the industry.

Investor relations also come under the Hedge Funds Review spotlight this month.

Investor relations managers reveal how they are developing systems to deal with increased demands from investors.

The days when an allocation could be sourced from a phone call and a lunch meeting are long gone. The due diligence process now takes up months of time for investor relations experts. Reporting is another area that has expanded.

Many tell us investment by hedge funds and funds of hedge funds in both technology and people to manage the investor relations process has paid off with increased investor loyalty.