HFSB Sees Growth in North American Membership, Will Hold NYC Information Session

Oct 31 2016 | 10:20pm ET

The Hedge Fund Standards Board (HFSB) has seen its North American signatory base grow by eight alternative investment managers in 2016, bringing the number of managers signed up to the organization’s Hedge Fund Standards framework to 54.

The new managers include Alyeska Investment Group, BCK Capital, Carlson Capital, Frontlight Capital, Goldman Sachs Asset Management, HealthCor Management, MKP Capital Management and ROW Asset Management, according to a statement.

In addition, the HFSB saw growth in its Investor Chapter among North American institutional investors, with Alaska Permanent Fund and New Jersey Division of Investment joining this year.

“The increase in our US representation reflects the value the Standards have in bringing together investors and managers to agree practices that will strengthen the industry,” said Thomas Deinet, executive director of the HFSB, in the statement.  “We appreciate the support and work of our manager and investor members in demonstrating that the hedge fund industry is committed to best practices and has a mechanism for resolving investor concerns.”

The HFSB has also scheduled an information session on the afternoon of November 8 in New York for managers interested in learning more about the Standards. Speakers will include MKP Capital Management, New Holland Capital, Reservoir Capital, Teacher Retirement System of Texas, and representatives from the HFSB. For more information or to RSVP, email info@hfsb.org by November 4.

Based in London, the HFSB was formed in January 2008 as the standard-setting body for the hedge fund industry, bringing together managers and investors globally to help determine how the hedge fund industry should operate. It is custodian of the Hedge Fund Standards, which create a framework of transparency, integrity and good governance for the industry, facilitate investor due diligence and complement public policy. The HFSB is supported by more than 125 hedge fund managers with $1 trillion in aggregate assets, and by more than 60 institutional investors overseeing $2 trillion.  

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