Industry Updates

Hedge Fund Standards Board (HFSB) to hold information session on November 8 in New York

Monday, October 31, 2016

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Opalesque Industry Update - The Hedge Fund Standards Board (HFSB), the standard setting body for the hedge fund industry, has seen growth in its North American signatory base in 2016, which now counts for 42% of the more than 125 hedge fund managers, overseeing approximately $1 trillion in assets, that have signed up to the Hedge Fund Standards. In addition, on November 8 in New York, the HFSB will be holding its first ever information session for US managers interested in learning about the Standards.

Eight alternative investment managers headquartered in North America have signed up to the Standards in 2016, bringing the total number of Signatories headquartered in North America to 54. New managers signing up in 2016 include: Alyeska Investment Group, BCK Capital, Carlson Capital, Frontlight Capital, Goldman Sachs Asset Management, HealthCor Management, MKP Capital Management and ROW Asset Management. In addition, the HFSB saw growth in its Investor Chapter among North American institutional investors, with Alaska Permanent Fund and New Jersey Division of Investment joining in 2016.

“The increase in our US representation reflects the value the Standards have in bringing together investors and managers to agree practices that will strengthen the industry,” said Thomas Deinet, Executive Director of the HFSB. “We appreciate the support and work of our manager and investor members in demonstrating that the hedge fund industry is committed to best practices and has a mechanism for resolving investor concerns.”

The information session is being held from 3:00-5:00pm on November 8 in New York. Speakers will include MKP Capital Management, New Holland Capital, Reservoir Capital, Teacher Retirement System of Texas, and representatives from the HFSB. Managers wishing to learn more about the Standards and to participate in a discussion on industry issues can RSVP to info@hfsb.org by November 4.

The HFSB was formed in January 2008 as the standard-setting body for the hedge fund industry, bringing together managers and investors globally to help determine how the hedge fund industry should operate. It is custodian of the Hedge Fund Standards, which create a framework of transparency, integrity and good governance for the industry, facilitate investor due diligence and complement public policy. The HFSB is supported by more than 125 hedge fund managers with $1 trillion in aggregate assets, and by more than 60 institutional investors overseeing $2 trillion. The Hedge Fund Standards and the full list of signatories and supporters are available at www.hfsb.org.

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