Voluntary Code Wins Five New Adherents

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.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of