On November 5, 2013, international law firm Walkers Global held its annual Walkers Fundamentals Hedge Fund Seminar in New York City. At the seminar, Walkers partners offered insights on trends in structures and terms for new funds organized in Cayman; developments in Cayman and Irish fund governance; regulatory focus on conflicts of interest; the use of advisory boards; and trends in fund borrowing. This article summarizes key points raised during the seminar. For the HFLR’s coverage of Walkers Fundamentals Hedge Fund Seminars from prior years, see: 2012 Seminar; 2011 Seminar; and 2009 Seminar.