Tuesday, 23 September 2014
Last updated 8 hours ago
Aug 4 2011 | 12:33pm ET
Since its creation in 2008, the Hedge Fund Standards Board has been a distinctly European body. But the self-regulating organization is looking beyond the continent now that it's won the signatures of most of Europe's top hedge funds.
Amelia Fawcett, the newly-minted chairman of the HFSB, today announced a push to win the support of hedge funds in the U.S. and Asia. The organization said it has launched consultations about amendments to its standards which would make them more applicable internationally.
"The standards are now widely accepted in the European market and most of the leading hedge fund managers in the U.K. and continental Europe have become signatories," Fawcett said. "Investors are now telling us that they would like to see wider adoption of the standards by managers in the U.S. and Asia markets."
The HFSB said it also plans to bring more U.S. investors on board; its investor chapter is the one area that the organization has enjoyed the participation and support of non-European players.
"We would generally expect managers in the U.S. to meet these standards and support the HFSB's initiative to include more U.S. and Asia-based managers," Peter Koffler of Blackstone Alternative Asset Management, a member of the investor chapter, said.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.