Apr 2016: Newsletter: Carlson Capital and MKP Capital join HFSB, US West Coast events
Mar 2016: Newsletter: BCK Capital joins the HFSB, cyber-attack simulation exercise in New York
Mar 2016: Press Release: IFSWF and HFSB establish Mutual Observer Relationship
Feb 2016: Newsletter: HFSB publishes administrator transparency reporting data structure
Feb 2016: Press Release: HFSB releases results of working group on administrator transparency reporting
Jan 2016: Newsletter: Alyeska Investment Group and ROW Asset Management become HFSB signatories
Jan 2016: Press Release: HFSB releases results of its first cyber-attack simulation roundtable in London
Dec 2015: Newsletter: West Virginia Investment Management Board joins HFSB and HFSB cyber-attack simulation exercise in London
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The Hedge Fund Standards Board (HFSB) is a standard setting body for the hedge fund industry and acts as custodian of the Hedge Fund Standards. This provides a powerful mechanism for creating a framework of transparency, integrity and good governance so as to maintain a high reputation for the industry, facilitate investor due diligence and complement public policy, thus serving the interests of all market participants and of the economy at large.
HFSB brings together managers, investors, regulators and investment consultants from around the world to help determine how the hedge fund industry should operate. Over 120 Hedge Fund Managers so far have committed to conform to the Hedge Fund Standards on a comply-or explain basis, accounting for USD 800bn in AUM. Over 60 major international investors, including pension and endowment funds, sovereign wealth funds and funds of funds, have embraced the HFSB as members of the Investor Chapter to drive adoption of and improvements to the Standards.
Keeping the Hedge Fund Standards fit for purpose is an iterative process, and the HFSB responds to changes in industry practices and investor expectations by consulting publicly on improvements to the Standards from time to time. The Standards themselves create a transparency framework as complete and unambiguous as practical so that investors and regulators can make informed judgments on hedge fund managers and act accordingly. While it is not the HFSB's role to act as a regulator or to enforce compliance with the Standards, it does aim to foster an environment of transparency and thus strengthen both the soft power of investors and the hard power of regulators.