European Hedge Fund Group Names Chairman

Jun 27 2008 | 8:04am ET

The Hedge Fund Standards Board, a voluntary watchdog for the industry set up by 14 European firms, now has a face to go along with its voluntary compliance standards.

Antonio Borges, vice chairman of Goldman Sachs International until February, was named chairman of the HFSB. The group also announced the appointment of a dozen trustees, including Man Group CEO Peter Clarke, Marshall Wace Chairman Paul Marshall and Hermes chief Kathryn Graham.

“It is very important that managers adhere to standards that give confidence to investors, financial regulators and the wider public,” Borges said.

Prior to joining Goldman, Borges served as dean of the business school Insead and as vice governor of the Banco de Portugal.

The HFSB was established by the Hedge Fund Working Group, which includes representatives of such industry luminaries as Brevan Howard Asset Management, CQS, GLG Partners, Man, Och-Ziff Capital Management and RAB Capital. Its final report called on hedge funds to adopt tougher valuation standards and codified best practices on disclosure, governance, risk and shareholder conduct. But, to date, only one firm other than the original 14 have signed on to the voluntary code.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of