Hedge Funders, Private Equity Exec. On SEC Advisory Board

Apr 11 2012 | 10:26am ET

Alternative investment firms and their investors are well-represented on the Securities and Exchange Commission's new advisory committee.

D.E. Shaw Group external affairs chief Darcy Bradbury, Paradigm Asset Management partner Eugene Duffy and Pershing Square Capital Management chief legal officer Roy Katzovicz were named to the 21-member Investor Advisory Committee. The new body replaces a previous advisory committee; both the establishment of the new committee and the disbanding of the old were mandated by the Dodd-Frank securities law reform.

Private equity has a say on the new committee, as well, in the form of Madison Dearborn Partners general counsel Mark Tresnowski; Stephen Holmes, chief operating officer of venture capital firm InterWest Partners, is also on the committee.

In addition, both the California Public Employees' Retirement System and California State Teachers' Retirement System, big hedge fund investors both, have seats at the table, in the form of chief investment officer Joseph Dear and director of corporate governance Anne Sheehan, respectively. Ann Yerger, executive director of the council of institutional investors, is also on the committee.

"The SEC's new Investor Advisory Committee is made up of individuals with a broad range of backgrounds and experiences," Mary Schapiro, the regulator's chairman, said. "I look forward to their insight and recommendations as to how we can further the SEC's critical investor protection mission."

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