HFSB Adds PAAMCO, PAG Founders

May 29 2014 | 8:27am ET

The Europe-heavy Hedge Fund Standards Board is bolstering its international presence with the appointments of two new directors.

Pacific Alternative Asset Management founder Jane Buchan and Pacific Alliance Group co-founder Chris Gradel have been named to the self-regulatory organization’s board, adding representatives of the U.S. and Asian industry.

“We are delighted to add two such distinguished members of the alternative investment community to the board,” HFSB Chairman Amelia Fawcett said. “It sends a powerful signal about the importance the hedge fund industry and investor community attach to our mission to expand in the U.S. and Asia Pacific.”

The HFSB was founded in 2008 to agree on standards of good practice for hedge fund managers. Most of the early members were European, but some 40% of the current 121 signatories are now North American.

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