Monday, 24 April 2017
Last updated 2 days ago
May 6 2010 | 1:06pm ET
New hedge fund regulations in Europe and the U.S. appear to be just around the corner, but five firms are signing up to a voluntary set of best-practices standards, anyway.
Amber Capital, Aspect Capital, Henderson Global Investors, Krom River Investment Management and North Asset Management have committed to the Hedge Fund Standards Board’s code of conduct. The new signatories bring to 58 the number of firms that have agreed to the standards.
“We are very pleased to welcome these latest signatories,” Antonio Borges, head of the HFSB, said. “The growing commitment to the HFSB process from well-established houses, small managers and start-up firms demonstrates the broad industry support for our standards, which are increasingly accepted as a benchmark by investors.”
The HFSB code includes tougher standards for asset valuation, third-party valuation, a Chinese Wall between valuation and portfolio management, disclosure, governance, risk and shareholder conduct.