Tuesday, 28 March 2017
Last updated 17 hours ago
Jan 9 2017 | 6:23pm ET
The Hedge Fund Standards Board (HFSB) has named LIM Advisors founder George Long and Dymon Asia Capital founder Danny Yong to its APAC Committee.
The HFSB’s APAC Committee was established in June 2016 with APAC-based representatives from Albourne, CPPIB, Future Fund, GIC and PAG, according to a statement. It directs the HFSB’s activities in the Asia-Pacific region, including assisting with dialogue and relationships with regulators, managers and investors, and ensuring that Asia-Pacific regional and local issues and needs are addressed as the HFSB develops standards and guidance.
The appointments come as the HFSB saw strong growth in its Asia-Pacific Investor Chapter and manager Signatory membership last year, due in large part to the efforts of the APAC Committee. Over the past year, eight additional APAC-based managers committed to becoming signatories to the organization’s Standards: Dymon Capital Asia and Graticule Asset Management in Singapore, and Income Partners Asset Management, LIM Advisors, Nezu Asia Capital Management, Rockhampton Management Ltd, Springs Capital and Trustbridge Partners in Hong Kong. They join six APAC-based managers who already are HFSB signatories, bringing the total to 14 out of the more than 125 managers who are signatories.
“We welcome Danny and George to our APAC Committee and are thrilled by how the Asia-Pacific alternative investment community has been embracing the Standards,” said Dame Amelia Fawcett, chair of the HFSB, in the statement. “We thank our APAC Committee members and the HFSB’s many other supporters for working with their peers to increase understanding of how the Standards help both investors and managers by strengthening our industry.”
“The fact that an increasing number of APAC-based managers are committed to meeting global standards is further evidence that the Asia-Pacific is becoming a major region in the alternative investment industry, complementing North America and Europe.”
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. It also provides practical guidance to investors and managers in areas such as fund governance, standardized transparency and risk reporting, and cyber security through its HFSB Toolbox.
The HFSB is supported by more than 125 alternative investment managers with more than $1 trillion in aggregate assets, and by more than 60 institutional investors overseeing over $600 billion in hedge funds.