Hedge Fund Standards Board Names Tay to Board of Directors

Jun 22 2016 | 12:04pm ET

The Hedge Fund Standards Board has appointed Managing Director and Head of the External Managers Department at GIC Betty Tay to its board of directors.

GIC, formerly known as Government of Singapore Investment Corporation, is a sovereign wealth fund established by the Government of Singapore in 1981 to manage Singapore's foreign reserves and has more than $100 billion in assets in more than 40 countries worldwide, according to the company.

HFSB has established an Asia-Pacific Committee, which will include APAC-based HFSB Trustee Tay, according to HFSB.

The APAC Committee will help the HFSB establish a more dedicated effort in the region by assisting with the HFSB’s dialogue and relationships with regulators, hedge fund managers and investors and ensuring that Asia-Pacific regional and local issues and needs are addressed.

“We welcome Betty to the Board and look forward to her counsel and perspectives as a senior representative of one of the world’s largest investment organizations,” Dame Amelia Fawcett, chairman of the HFSB, said in a statement.

Tay’s appointment and the APAC Committee will be announced to HFSB members attending the HFSB’s Hong Kong Institutional Investor Roundtable June 22, 2016, at which approximately 60 representatives from major hedge fund managers and institutional investors are gathering to discuss topics, including alignment of interests, hedge fund standards and cyber security.

The HFSB was set up in 2008 as the standard-setting body for the hedge fund industry and now has a growing membership internationally in both Asia and North America. It is supported by more than 120 hedge fund managers with $800 billion in aggregate assets, and by more than 60 institutional investors investing $600 billion in hedge funds.

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