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PRINT THIS PAGE Hedge Fund Standards Board appoints Antonio Borges as chairman26/06/2008. Source: AltAssets.
The Hedge Fund Standards Board has appointed Antonio Borges, a former vice chairman of Goldman Sachs and dean of INSEAD, as its first permanent chairman. The HFSB now also has a permanent board of trustees, with major hedge fund investors including executives from a major sovereign wealth fund, a UK pension fund manager and fund of funds alongside hedge fund managers.
Sir Andrew Large, who headed the initiative to produce best practice standards involving 14 leading hedge fund managers, said, 'We are absolutely delighted to have someone as distinguished as Antonio Borges taking on this role. With his exceptional international experience and knowledge of the financial sector, Antonio is ideally positioned to take this to the next stage.'
Borges added, 'Hedge funds have become a critical part of the financial system both because of their size and influence and because they are at the forefront of financial innovation. It is very important that managers adhere to standards that give confidence to investors, financial regulators and the wider public.'
The HFSB was formed in January 2008 to take forward the work started by the Hedge Fund Working Group, whose report on best practice standards was published that month.
Copyright © 2008 AltAssets
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