Keynote address: Dame Amelia Fawcett, Chairman of the Hedge Fund Standards Board

Mon Nov 5, 2012


Strong investors and hedge funds committing to best practice will complement regulation and build trust


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Dame Amelia Fawcett
  

In her keynote address, Dame Amelia Fawcett, who is chairman of the London-based Hedge Fund Standards Board, made a strong argument for best practice standards as a complement or alternative to 'blackline regulation' in the hedge fund industry.

Prescriptive regulation can be inflexible and may have unintended consequences, she said. By contrast, the standards developed by the HSFB represent the views of both hedge funds and prominent institutional investors, and keep pace with broader financial issues.

Increasing numbers of managers and investors have committed to the HFSB standards, in Asia and the US as well as in Europe, as proof that this approach is gaining acceptance on a global basis. Dame Amelia organised her remarks under three main headings: the macro environment for hedge funds, the role of capital markets, and the role of hedge fund standards.

The...

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