Highbridge Capital Management, one of the world’s largest hedge funds, has appointed Todd Builione, its chief operating officer as president in what is being described as a sign of the increasing maturity of the hedge fund industry.
Ronald Paterson, partner at international law firm Eversheds, comments on the changes the industry has gone through recently: “Over the last two years hedge fund investors have become increasingly focused on transparency and on the governance of the funds they invest in and these have started to grow in importance as compared to the traditional target which has been investment performance. Hedge fund groups have realised that they have to put much more emphasis on these matters to attract and retain investors.”
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