Friday, 26 August 2016
Last updated 48 min ago
Sep 27 2013 | 9:47am ET
California hedge fund Welton Investment Corp. is the latest firm to sign on to the industry's voluntary code of conduct.
Carmel-based Welton said yesterday that it had become a signatory member of the Hedge Fund Standards Board. More than 100 firms have adopted the code, set up by 14 top European hedge funds in 2008.
"We are enthusiastic supporters of the Hedge Fund Standards framework," Welton chief operating officer Guillaume Detrait said. "We have spent years attempting to identify and conform to the evolving best-practices within our industry—all thanks to the guidance and feedback of our investors, consultants, peers, surveys and publications. The HFSB's standards do an excellent job of capturing this institutional learning for all, which should benefit the industry and investors alike."