Hedge Fund Standards Board Appoints Jane Buchan and Chris Gradel to the Board
The two appointments strengthen international representation on the HFSB board at a time the international standard setting body is increasing its presence in North America and Asia.
Amelia Fawcett, Chair of the HFSB, said:
“We are delighted to add two such distinguished members of the alternative investment community to the board. It sends a powerful signal about the importance the hedge fund industry and investor community attach to our mission to expand in the US and Asia Pacific.”
PAAMCO, based in California, was started in 2000 by Jane Buchan, Chief Executive Officer. It has been at the forefront of moves to encourage transparency and disclosure of positions by managers to their investors.
Jane Buchan said:
“The HFSB has an important role to play in reinforcing standards of good practice in the US hedge fund industry and I look forward to helping build on the traction the HFSB has already gained in the North American market.”
PAG, formerly Pacific Alliance Group, is one of the largest alternative investment managers in Asia covering private equity, real estate and absolute return funds.
Chris Gradel said:
“The HFSB presents a unique collaboration between investors, managers and regulators. I believe this approach can play an increasingly important role in driving up standards of good practice in Asia as well as elsewhere in the world.”
The HFSB has significantly increased the number of US and Asian managers signing up to the Standards over the past year. Together with managers from Canada, the North American members now account for nearly 40 percent of the HFSB’s 121 signatories whilst support among investors and hedge fund managers in Asia is also growing. Assets under management of all HFSB signatories now total more than $600 bn.