Friday, 19 September 2014
Last updated 10 min ago
Jun 9 2011 | 12:08pm ET
A former Morgan Stanley executive will be the next leader of the Hedge Fund Standards Board.
Amelia Fawcett takes the reins at the voluntary hedge fund industry watchdog on July 1, taking over from interim chairman Andrew Large. Large has filled in for Antonio Borges, the former Goldman Sachs executive and first HFSB chairman, since his departure for the International Monetary Fund in December.
"Standards have an important role to play alongside statutory regulation in reassuring investors and the public that the hedge fund industry is adhering to good practice," Fawcett said.
Fawcett spent almost two decades at Morgan Stanley International, rising to become vice chairman and then European chief operating officer. More recently, she served on the court of directors at the Bank of England.
Fawcett's appointment came in addition to word that several new members have joined the HFSB's investor chapter. Three of them, Blackstone Alternative Asset Management, Corbin Capital and Pacific Alternative Asset Management, have joined its core supporters group, along with new core supporters Albourne Partners and Spinnaker Capital Group. The HFSB investor chapter now boasts 46 members. The HFSB also boasts almost 60 hedge fund signatories to its standards.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.