Sun, Dec 17, 2017
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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  3. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c

  4. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans

  5. eVestment: hedge funds extend winning streak[more]

    Bailey McCann, Opalesque New York: Hedge funds marked their 13th consecutive month of positive returns in November with +0.47% average returns for the month, according to the latest Hedge Fund Performance Report from eVestment. Activists, long/short and quant equity strategies are producing