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The addition of Mr. Carlson to the HFSB board reflects recent growth in the number of US managers supporting the Hedge Fund Standards. New US signatories in 2016 include Carlson Capital, as well as Alyeska Investment Group, BCK Capital, MKP Capital Management, and ROW Asset Management.

North American signatories currently represent the largest share of the HFSB's 120 signatories. Assets under management of all HFSB signatories now total more than $800 billion. The HFSB's Investor Chapter is comprised of 60 major institutional investors, almost half of them from North America.

Dame Amelia Fawcett, Chairman of the HFSB, said: "Clint's years of broad experience and proven business leadership in the asset management industry, particularly in the US, will add a valuable perspective to the Board, and his appointment demonstrates again the value of the Standards for the North American hedge fund community. We appreciate his willingness to serve as a Trustee and look forward to benefiting from his experience, judgement and counsel as we continue our engagement in North America and globally to improve industry practices."

Clint Carlson said: "I am delighted to join the Board. I believe Standards play a powerful role in our industry. Standardized practices, which are sound and ensure fair treatment of investors, strengthen our industry by increasing investor confidence and making investor due diligence and monitoring more efficient."

Clint Carlson founded Carlson Capital in 1993. Prior to that he worked at the Bass Brothers organization and Maxxam Group. Mr. Carlson received a B.A. and an M.B.A. from Rice University and a law degree from the University of Houston. He is a Board Member of the Rice Management Company and a member of the Board of Overseers for the Jones School of Business at Rice University.

The HFSB announced Mr. Carlson's appointment to its members at its Annual North American Stakeholder Forum in New York on 19th May 2016, at which approximately 100 representatives from major hedge fund managers and institutional investors gathered to discuss topics, including alignment of interests, industry challenges and opportunities, and investor and manager priorities.

The HFSB was formed in January 2008 to agree standards of good practice for hedge fund managers. The Standards are regularly reviewed by international investors and managers, as demonstrated by the recent consultation on conflicts of interest.