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HFSB appoints two new board members
22 May 2014
Appointments strengthen international representation on the board, supporting its drive for expansion
Jane Buchan, the founder of Pacific Alternative Asset
Management Company (Paamco), and Chris Gradel, a founder of PAG
in Asia, have joined the board of the Hedge Fund Standards
The two appointments strengthen international representation
on the board at a time when the international standard setting
body is increasing its presence in North America and Asia.
"We are delighted to add two such distinguished members of
the alternative investment community to the board," said Amelia
Fawcett, chairman of the HFSB. "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
Buchan is the current CEO of California-based Paamco, which
she founded in 2002. The firm has been one of the leaders
calling for transparency and disclosure of positions by
managers to their investors.
"The HFSB has an important role to play in reinforcing
standards of good practice in the US hedge fund industry,"
Buchan said, adding that she hoped to strengthen the HFSB's
traction in North America.
PAG, formerly Pacific Alliance Group, is an alternative
investment managers in Asia covering private equity, real
estate and absolute return funds. Gradel is managing partner
and chief investment officer of PAG's absolute return
"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," Gradel
The HFSB has significantly increased the number of US and
Asian managers signing up to the standards over the past year,
according to the body.
Together with managers from Canada, the North American
members now account for 40% of the HFSB's 121 signatories while
support among investors and hedge fund managers in Asia is also
growing. Assets under management of all HFSB signatories now
total more than $600bn.