Sat, Apr 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Stenham Advisors joins the Hedge Fund Standards Board

Thursday, December 16, 2010
Opalesque Industry Update - Stenham Advisors Plc has joined the Hedge Funds Standards Board’s (‘HFSB’) Investor Chapter.

The HFSB was formed with the goal of creating a framework for promoting integrity, transparency, and good governance in the hedge fund industry. This is achievable only if backed by investors, as investors are the best positioned economic agents to drive adoption of the Standards in the industry. In order to engage investors in this process, the HFSB created its Investor Chapter. The Standards serve the interests of all market participants and of the economy at large.

Jeremy Swindell, Head of Operational Due Diligence at Stenham Advisors Plc said: ‘At Stenham we have always been committed to managers with independent fund oversight and valuation, strong governance, robust risk management processes as well as appropriate levels of disclosure. These are the key objectives of the Investor Chapter and we are proud to foster these standards within our industry’.

The HFSB’s standards cover the following areas:

1. Investment Policy and Risk Disclosure
2. Commercial Terms Disclosure
3. Performance Measurement
4. Disclosure to Lenders/Prime Brokers/Dealers
5. Segregation of Functions in Valuation
6. Hard-to-value Assets
7. Risk Framework
8. Portfolio Risk
9. Liquidity Risk Management
10. Market Risk Management
11. Counterparty Credit Risk Management
12. Control Processes
13. Operational Risk – Trading and Execution; Fraud and Financial Crime Prevention; Disaster Recovery; Model Risk; IT Security; Legal and Regulatory; Disclosure
14. Outsourcing Risk
15. Fund Governance
16. Prevention of Market Abuse
17. Proxy Voting
18. Borrowing Stock to Vote

(press release)


Stenham Asset Management has been active in fund management for over 25 years focusing exclusively on delivering absolute returns achieving a multiple award-winning track record. It provides market leading solutions for pension funds, charities, family offices and high net worth individuals, including both discretionary portfolios and funds of hedge funds. Its clients are mainly located in the UK and Channel Islands, Europe, Southern Africa, Latin America and Japan. Total assets as at October 2010 are US$ 3.6 billion. Website: www.stenhamassetmanagement.com


Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n