GLOBAL - Hedge fund manager CQS has achieved full compliance with all best practice standards monitored by the Hedge Fund Standards Board (HFSB).
Michael Hintze, chief executive of CQS, said: "As a founder member of the Hedge Fund Working group (HFWG) [which drew up the principles, subsequently adopted by the HFSB], we have engaged actively and I believe the standards provide a very important benchmark for investors.
"The hedge fund industry will need to continue to adapt and the HFSB will form a central role in acting as custodian of industry best practice."
The HFWG was established in 2007 in response to concerns about the industry including financial stability and systemic risk and comprises 14 hedge funds based mainly in London.
The principles cover the following areas: disclosure, valuation, risk management, fund governance and shareholder conduct.
The HFSB was formed in January 2008 as the trustee body responsible for acting "as custodian of the standards and to ensure they are updated and refined as appropriate".
There are now 33 signatories from Europe, the US and Asia.
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