Hedge Fund Standards Board Makes Push For U.S., Asian Members

Oct 18 2011 | 8:51am ET

Aberdeen Asset Management and Investcorp are throwing their weight behind the four-year-old Hedge Fund Standards Board, an independent group aiming to bring unity to industry practices. But while the group and its “Standards” are well-known in Europe, thus far they have not gained momentum in the U.S. and Asia.

Amelia Fawcett, chairman of the HFSB, is hoping that the support of the two investment giants, along with consultancy Aon Hewitt, will change that.

“We are very pleased to welcome Aberdeen, Investcorp and Aon Hewitt. The growing commitment to the HFSB from the investor community is particularly valuable as we embark on our international drive to build support for the Standards in the U.S. and Asia,” said Fawcett.

Andrew McCaffery, global head of hedge funds at Aberdeen Asset Management, said: “As a fund of hedge funds manager, we encourage all our managers to become signatories to the HFSB process.”

The HFSB was formed in January 2008 to agree standards of good practice for hedge fund managers. The Standards and a full list of signatories are available at the HFSB Web site.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR