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SBAI Impact expands in North America

Sunday, June 30, 2019
Opalesque Industry Update - The Standards Board for Alternative Investments (SBAI) continues to expand its impact on the alternative asset industry with Angelo Gordon, Bridgewater, Blackrock, Magnetar, HPS Investment Partners and PIMCO becoming Core Supporters of the SBAI. The SBAI is the global standard-setting body for the alternative investment industry, supported by approximately 200 alternative investment managers and institutional investors who collectively manage over $3.5 trillion.

The SBAI continues to drive thought leadership as the landscape of the alternative asset industry evolves and changes. Last month, SBAI held its annual North American Forum in New York City, hosted by Bank of America Merrill Lynch Asset Management Services. With over 200 people in attendance, leaders from the largest asset managers and owners in North America discussed current SBAI-led initiatives, including the changing landscape of asset management, how company culture impacts performance and the evolution of partnerships between asset owners and managers.

Speakers at the Forum were senior representatives from Angelo Gordon, Blackrock, CQS, Canada Pension Plan Investment Board, Caisse de dépôt et placement du Québec, Citadel, Future Fund, Man Group, New Holland Capital, Oz Management, Reservoir Capital, the State of Wisconsin Investment Board and Wellington.

Dame Amelia Fawcett, Chairman of the SBAI, said: "We are very pleased to welcome Blackrock, HPS and PIMCO as Core Supporters, alongside Angelo Gordon, Bridgewater and Magnetar, who became Core Supporters earlier this year. We look forward to their increased support for the important work the SBAI is doing to strengthen standards in alternative investment management. Our recent North American forum was our largest yet, demonstrating the value of the SBAI platform in bringing together alternative investment managers and investors to constructively address important issues."

The percentage of SBAI manager Signatories and Investor Chapter Members from North America continues to grow and today accounts for the largest segment of the SBAI Stakeholders. Today, 44 percent of SBAI Signatories and 51 percent of Investor Chapter members are from North America, compared to 15 percent and 40 percent, respectively, in 2012.

The expansion in North America is driven by the SBAI's North American Committee, formed in March 2018 and Chaired by Ed O'Reilly, Global Head of Client and Partner Group at Citadel. Members of the 10-person committee include Jane Buchan, Founder and CIO of Martlet Asset Management, Clint Carlson, Founder and CIO of Carlson Capital, and John Claisse, CEO of Albourne.

Ed O'Reilly said: "The Standards Board is an important part of the ecosystem of the alternative investment industry, as it uses its neutral platform to bring together investors and managers to improve how the industry operates. We are delighted with the expansion of the SBAI in North America and look forward to working with our Core Supporters and to growing the Standards Board's presence and impact in the region."

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