Wednesday, 6 May 2015
Last updated 20 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.
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…