FAQs

Q. What is a Hedge Fund?
A.

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Q. To whom do the standards apply?
A. The standards are designed for hedge fund managers and they are all encouraged to become signatories. They are also intended to apply to broader asset management groups but only in respect of their hedge fund management activities.
Q. Do the standards just apply to hedge fund management or to other types of asset management activity as well?
A. The standards are designed to apply to hedge fund management activities. If asset managers wish to apply the standards more widely beyond hedge fund management that is up to them.
Q. Where can managers find the standards?
A. The standards are available on the Hedge Fund Standards Board (HFSB) website at www.hfsb.org along with full details of how to sign up.
Q. How do managers sign up to the standards?
A. Managers can download a signatory pack from the HFSB website at www.hfsb.org and that has full details of the process.
Q. Do managers have to go through the process of conforming every year?
A. Yes they need to confirm each year that they conform with the standards. It is important that managers demonstrate to investors and other counterparties that this is a continuing process and not something they sign up to once and then forget about.
Q. When does the process start?
A. It starts immediately. The 14 members of the HFWG have become signatories to the standards.
Q. When did the HFSB formally come into existence?
A. It came into being on Tuesday, 22 January 2008
Q. Who will be running the HFSB?
A. The permanent Trustees are now in place chaired by Antonio Borges.
Q. What is AIMA’s role in the HFSB?
A. AIMA's chairman is a trustee of the HFSB. AIMA will work closely with the HFSB to develop the standards and in particular to ensure that the industry is properly consulted. The secretariat of the HFSB will also be based at AIMA.