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HFSB appoints Bruce Cundick and Dale West to the board

Tuesday, March 31, 2015
Opalesque Industry Update - Bruce Cundick of Utah Retirement Systems (URS) and Dale West of Teacher Retirement System of Texas (TRS) have joined the board of the Hedge Fund Standards Board (HFSB).

Dame Amelia Fawcett, Chairman of the HFSB, said: “We are delighted to welcome Bruce Cundick and Dale West to the Board, where we will benefit immensely from their significant experience and expertise. The increasing support from major US investors for the HFSB, such as URS and TRS, reinforces the HFSB’s important mission of promoting better standards in the hedge fund industry.”

Bruce Cundick said: “URS has been a member of the HFSB Investor Chapter for several years now, and I am looking forward to playing a more active role in the HFSB.”

Dale West said: “It is a great opportunity for TRS to be represented within the hedge fund industry and participate in the dialogue for better alignment of interests between investors and hedge fund managers.”

Over 60 major international investors, including pension and endowment funds, as well as sovereign wealth funds, are now members of the HFSB Investor Chapter, supporting the adoption of the Standards internationally.

The HFSB was set up in 2008 as the standard-setting body for the hedge fund industry and now has a growing membership internationally. Hedge fund managers in the US and Canada now account for 40 percent of the HFSB’s 123 signatories. Assets under management of all HFSB signatories total more than $700 billion.

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