Monday Toon Roundup

Mr Fish Toon: Predator Prey

In Caymans, It’s Simple to Fill a Hedge Fund Board

Fund Board
BY AZAM AHMED

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.

In the last decade, as hedge funds ballooned in size and number to become a dominant force in the investing universe, directorship services have grown from a cottage industry into a big business on the Cayman Islands. Many funds run by United States money managers have their legal residence here for tax reasons. And because of a quirk in the island’s tax code, these funds must appoint a board.

As a result, dozens of operations have sprouted up on the Caymans to supply directors, from one-man bucket shops to powerhouse law firms.

Directors are often Cayman-based professionals: accountants, lawyers and administrators of hedge funds.

They are rarely investors, though. Ostensibly, directors offer guidance and oversight to the funds. In return, a director is typically paid anywhere from $5,000 to $30,000 a year. With more than 9,000 funds domiciled on the tiny island, business is booming.
more


http://dealbook.nytimes.com/2012/07/01/in-caymans-its-simple-to-fill-a-hedge-fund-board/

Must be nice work. Do nothing, get paid to live on an island.

Toon: Scalia in his chambers

Chinese 'cannibal' attack

By DAILY MAIL REPORTER
PUBLISHED: 19:19 EST, 1 July 2012 |

The recent terrifying spate of 'cannibal attacks' seems to have spread to China, as a drunk bus driver was caught on camera gnawing at a woman's face in a horrific random attack.
The unfortunate woman will apparently require plastic surgery to repair the damage done by her crazed attacker.
According to local news reports, the driver, named Dong, had been drinking heavily during lunch with his friends before the outburst on Tuesday.
He then ran on to the road in the city of Wenzhou, in south-east China, and stood in front of the car being driven by a woman named Du, stopping her from moving.


Read more: http://www.dailymail.co.uk/news/article-2167493/Cannibal-attack-China-drunk-bus-driver-leaps-woman-street-chews-face.html

If Rupert Murdoch calls you "creepy, maybe even evil," you might have an image problem.

Is the Church of Scientology Having Katie Holmes Followed?

Louis Peitzman

If Rupert Murdoch calls you "creepy, maybe even evil," you might have an image problem.

The News Corp. chief executive took to his Twitter account to express his opinions on the Tom Cruise and Katie Holmes divorce — or rather, the role that Scientology may have played.

Toon: Melting

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Toon: The Election-year Migrant Worker

The most difficult solvable Sudoku puzzle