The Hedge Fund Standards Board (HFSB) has appointed Dame Amelia Fawcett as its new Chairman. A former Non-Executive Director of the Bank of England and Vice Chairman of Morgan Stanley International, Dame Amelia will take up the post on 1st July 2011.
She succeeds Sir Andrew Large who has been interim Chairman since last December when Antonio Borges left to become European Director of the International Monetary Fund.
Sir Andrew Large said: “We’re absolutely delighted to have someone with Amelia’s vision and international experience taking on the chairman’s role at a time when we are working to increase adoption of the standards around the world.”
Dame Amelia Fawcett said: “Standards have an important role to play alongside statutory regulation in reassuring investors and the public that the hedge fund industry is adhering to good practice. I am looking forward to helping take forward the work of the HFSB. The growing support for the HFSB from investors is testimony to how important they view the standards.”
Several new investors have joined the HFSB Investor Chapter, bringing the total of supporters to 46 leading international investors, including sovereign wealth funds, pension funds and endowment funds.
Of these Blackstone Alternative Asset Management, Corbin Capital and PAAMCO have all become members of the HFSB Core Supporters group. Other new Core Supporters are Albourne Partners and Spinnaker Capital Group who join existing Core Supporters Arrowgrass, RCM and Unigestion.