Sat, Nov 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

HFSB to launch new Toolbox to complement standard-setting activities

Tuesday, April 01, 2014

Benedicte Gravrand, Opalesque Geneva:

To those starting a new fund, the Hedge Fund Standards Board (HFSB) recommends tackling potential conflicts of interest between managers, the hedge funds that they manage and investors in those hedge funds through appropriate governance mechanism and oversight, that is, establishing a fund governing body of independent directors. The directors should of course be qualified and experienced, and the body and the governance process in place should be monitored and adjusted too.

The Hedge Fund Standards "make further recommendations on how often the fund governing body should meet (face-to-face, preferably quarterly) and what issues should be included in the board agendas," according to the Board’s March newsletter. "They can include approval of accounts, investment performance review, performance of third party service providers, review of risk management procedures, etc."

The full list of potential agenda items will be made available through the HFSB Toolbox on the HFSB website. This new Toolbox, which the HFSB is launching next month, is intended to be an additional aid, particularly for hedge funds, to complement the HFSB’s standard-setting activities.

Eight new managers and one managed accounts platform have just become signatories at the HFSB, and two investors joined t......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  4. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed

  5. Legal - Six years after AIG takeover, lawsuit reveals another potential buyer[more]

    From Institutional investor.com: When former Treasury secretary Henry (Hank) Paulson Jr. testified in a suit last month about the U.S. government takeover of American International Group, his words were — mostly — numbingly familiar. Explaining the “punitive” terms set for the September 2008 bailout