Home ListingFebruary 26, 2015

Future Fund Alts Head Joins Hedge Fund Standards Board

A <em>Forty Under Forty</em> alum has joined a group seeking to raise disclosure and governance standards in hedge funds.

Reported by Featured Author

David George, head of debt and alternatives at Australia’s A$109 billion (US$86 billion) Future Fund, has joined the board of directors at the Hedge Fund Standards Board (HFSB).

George, a CIO Forty Under Forty alum in charge of more than US$35 billion in alternatives, becomes the fifth asset owner representative to join the HFSB’s trustee board, and the 15th member in total.

HFSB Chair Dame Amelia Fawcett said the appointment “sends another powerful signal about the global importance of the HFSB mission.”

“The HFSB is an important platform for promoting better industry practice to the benefit of end investors, managers and policymakers,” said George. “I look forward to working with the other trustees and to progressing this effort.”

The HFSB was set up in 2008 and its 123 hedge fund manager signatories—which run more than $700 billion between them—promise to abide by a set of standards relating to disclosure, risk management, asset valuations, and governance.

More than 60 pension funds, endowments, and sovereign wealth funds are signed up to the HFSB’s Investor Chapter, including the Future Fund and asset owners from the US, Canada, the Netherlands, the UK, Finland, and Singapore.