HFSB appoints new Chairman

Hedge Fund Standards Board (HFSB), which is an international group which promulgates best practices for hedge fund managers, named its new Chairman.

Dame Amelia Fawcett will replace Sir Andrew Large on 1 July, HFSB said in a statement.

Major has been temporary Chairman since December when the Organization's former President, Antonio Borges, left to become The Director of the International Monetary Fund.

Fawcett was a former member of the Court of Directors of the Bank of England and worked for almost 20 years at Morgan Stanley International, becomes vice President and chief operating officer of European activities.

A total of 46 international investors, including sovereign wealth funds, pension funds, endowment funds and the Fund's resources belong to the HFSB investors chapter.

Nearly 60 hedge fund managers account for more than 215 billion dollars in assets under management have signed HFSB standards for the industry.

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