Mirabaud hosts the Hedge Fund Standards Board (HFSB) in Geneva
Lionel Aeschlimann, Partner and CEO of Mirabaud Asset Management, highlighted that “sophisticated institutional investors play an important role in driving better standards in the market place, and the HFSB provides a very useful platform to manage this process. We are delighted to be part of this effort.”
Dénes Galyó, Chief Risk Officer at Mirabaud Asset Management, participated in a panel discussing the evolving requirements in the area of investor due diligence of hedge fund managers: “Despite increased regulation, a thorough due diligence of managers is indispensable. In particular, the due diligence needs to take account of new operating models in the industry, which requires expanding the due diligence to the outsourcing and service providers of the managers and the funds.”
The Hedge Funds Standards Board (HFSB) is a not-for-profit standard-setting body for the hedge fund industry and custodian of the Hedge Fund Standards. It is governed by a Board of trustees consisting of managers and investors. The Hedge Fund Standards are intended to complement the statutory requirements by creating a framework of transparency, integrity and good governance for the hedge fund industry.
The HFSB mission is to promote the Hedge Fund Standards by bringing investors and managers together to determine how the industry should operate, ensure that regulation reflects how the industry works, to ensure the Hedge Fund Standards stay relevant and become applicable globally. The HFSB consults on the Standards from time to time to ensure they stay up-to-date and relevant. More information is available at www.hfsb.org.