Former CalPERS Chairman Joins Lyrical Partners

AppId is over the quota
AppId is over the quota
Fund-of-hedge-funds firm Lyrical Partners has hired a former chairman of the investment committee for the CalPERS pension system.

Michael Flaherman has joined the firm as a managing director, according to a statement by the firm on Wednesday.

In his newly-created position, Flaherman will also serve on the investment committee for Lyrical's fund of hedge funds.

Flaherman served on the investment committee for CalPERS from 2000 to 2003 and had served as a board member since 1995.

Lyrical Partners is based in New York and was founded in 2004 by Jeffrey Keswin, who previously co-founded Greenlight Capital.

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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