Saturday, 23 May 2015
Last updated 11 hours ago
Feb 11 2010 | 2:51pm ET
With debate raging over proposed European Union hedge fund regulation, two of the continent’s biggest hedge funds have joined its most prominent self-regulatory organization.
BlueCrest Capital Management and Winton Capital Management have agreed to abide by the Hedge Fund Standards Board’s voluntary code of conduct. The two firms, both based in London, have also joined the HFSB’s Founders’ Council, which advises its board of directors.
That board of directors is also more robust, with the addition to two major hedge fund investors, New Holland Capital and Future Fund Australia.
“These developments mark a significant step up in the international support for the standards from both investors and managers,” HSFB Chairman Antonio Borges said.
The HFSB was set up two years ago to codify best practices on disclosure, governance, risk and shareholder conduct. The group now counts firms that manage some 60% of the European hedge fund industry’s $350 billion in assets as members.
BlueCrest and Winton are both high-profile “black box” firms that use quantitative trend-following systems to invest in global futures. The former has $18 billion in assets, and the latter $12 billion.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…