SBAI History
The Standards Board for Alternative Investments (SBAI) was established in 2008 as the Hedge Fund Standards Board (HFSB) by a group of leading alternative investment managers ('Founders') to develop and improve industry practices. Today, the SBAI continues to be supported by a large community of both asset managers and institutional investors who carry on its mission to solve for better.
Founders
- Stuart Fiertz, Cheyne Capital
- Stanley Fink, Baron Fink, Man Group
- Andrew Frank, Och-Ziff Capital
- David Harding, Winton Capital
- Michael Hintze, Baron Hintze, CQS
- Klaus Jantii, Brummer & Partners
- Nagi Kawkabani, Brevan Howard
- Sir Paul Marshall, Marshall Wace
- Jeffrey Meyer, Gartmore
- George Robinson, Sloane Robinson
- Emmanuel Roman, GLG Partners
- Alex Snow, Lansdowne Partners
- Rob Standing, LDFM
Timeline
2006/2007: G8 policy leaders voice concerns over financial stability in relation to hedge funds
2007: 14 leading hedge fund managers create the Hedge Fund Working Group (HFWG), chaired by Sir Andrew Large to develop industry standards
2008: The Alternative Investment Standards (Standards, see HFWG Final Report) are published and the HFSB is founded, with Antonio Borges appointed the first Chairof the HFSB
2010: Investor Chapter is created, ensuring that investors have an equal voice in development of the Standards
2010: Sir Andrew Large appointed Interim Chair of the HFSB when Antonio Borges leaves to take over as European Director of the IMF
2011: Dame Amelia Fawcett is appointed Chair of the HFSB
2014: HFSB is granted affiliate membership of International Organization of Securities Commissions (IOSCO)
2016: HFSB establishes mutual observer relationship with the International Forum of Sovereign Wealth Funds (IFSWF)
2017: HFSB is renamed to the Standards Board for Alternative Investments (SBAI)
2020: Mario Therrien of CDPQ and Luke Ellis of Man Group Plc are appointed Chair and Deputy Chair of the SBAI, respectively
2025: Jane Buchan of Martlet Asset Management is appointed Chair of the SBAI
