Wed, Apr 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFSB adds two big investors on its board and signs up two London hedge funds

Thursday, February 11, 2010
Opalesque Industry Update - The Hedge Fund Standards Board (HFSB) is expanding the role played by investors on its board by adding representatives from two of the biggest international investors in hedge funds, New Holland Capital and the Future Fund, Australia.

The HFSB has also signed up two more of the leading London-based hedge fund managers, BlueCrest Capital Management LLP and Winton Capital Management Ltd. Both will become members of the HFSB Founders’ Council, the core group of managers and investors who launched the project and provide regular advice to the Board.

Virtually all of the largest hedge fund managers in London have now become signatories to the Standards and are therefore committed to applying them.

Antonio Borges, Chairman of the HFSB, said:
“These developments mark a significant step up in the international support for the Standards from both investors and managers.

“The HFSB has taken a decision to expand investor representation and we are delighted to have backing from two more of the biggest global investors in hedge funds to broaden our already significant investor input.

“We are also delighted to have BlueCrest and Winton, two highly regarded players in the London hedge fund scene, signaling their commitment to the Standards.”

The new trustees of the hedge fund standard setter are Tom Dunn, Managing Principal of New Holland Capital and David Neal, Chief Investment Officer of the Future Fund.

New Holland Capital is the hedge fund advisor of the Netherlands-based APG. APG is one of the largest pension asset managers in the world with assets under management of approximately €240bn ($329bn). The Future Fund manages public pension funds for teachers and health workers in Australia.

Tom Dunn, Managing Partner of New Holland Capital, said: “The Standards play an important role in bringing about transparency and best practice among hedge fund managers.” David Neal, CIO of the Future Fund, said: “We are very pleased to be represented and hope to see a growing number of managers embracing the Standards.”

The addition of BlueCrest and Winton bring the number of managers committed to the Hedge Fund Standards to 56, accounting for more than $215bn of assets under management. By comparison, the total AUM in European Hedge Funds was $350bn at end-June 2009, according to EuroHedge.

www.hfsb.org


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. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  2. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  3. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  4. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  5. Opalesque Exclusive: WBB enters buy-side with new healthcare long/short strategy[more]

    Benedicte Gravrand, Opalesque Geneva: WBB Securities, a US financial services firm and boutique investment bank since 2001, has a long history within the biotech industry. Managing partner Steve Brozak has been associated with biotech for the last 25-30 years, and was involved with some of the mo