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Hedge Fund Standards board launches toolbox to aid hedge fund managers and investors

Wednesday, April 16, 2014
Opalesque Industry Update - The Hedge Fund Standards Board (HFSB) has launched a new Toolbox to provide guidance to managers and investors on issues relating to fund manager governance and internal processes.

The Toolbox will take the form of series of briefings on key issues. The first provides a Standardised Board Agenda, laying out the topics that should be addressed at board meetings on either a regular or annual basis. The Toolbox is designed to complement the Hedge Fund Standards, which managers sign up to on a comply-or-explain basis.

Dame Amelia Fawcett, Chairman of the HFSB, said: “The Toolbox draws on the long experience of our hedge fund signatories, investor members and trustees and provides another route for the HFSB to share good practice in the industry. This approach will give us more flexibility to address areas of concern where guidance rather than a formal Standard will suffice.”

Kathryn Graham, Trustee of the HFSB and Head of Strategy Coordination of the Universities Superannuation Scheme Ltd, said: “The Standardised Board Agenda covers key issues that need to be addressed in fund board meetings, and fund directors, managers and investors can use it to review and enhance the robustness of the existing fund governance processes.”

The Standardised Board Agenda will be publicly available on the HFSB website www.hfsb.org as part of the Toolbox. More content will be added going forward.

PD

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