George Long and Danny Yong have been added in line with a surge in new members based in the region
The Hedge Fund Standards Board (HFSB) has bolstered its Asia Pacific committee with the appointments of George Long and Danny Yong to reflect growing numbers of members in the region.
Over the past year, eight additional Asia Pacific-based managers have joined HFSB Asia Pacific’s signatory membership, bringing the total to 14.
Set up in 2008, the non-profit HFSB aims to improve transparency and governance as well as provide education on topics such asAIFMD and short selling.
Long is the founder, chairman and CIO of LIM Advisors. Before establishing LIM in 1995, Long set up Barclays' GlobalInvestors business in Asia. He also served onthe executive committee for Barclays Group Asia and the global investment committeein London.
Long was the founding chairman of the Hong Kong Society of FinancialAnalysts as well as the Hong Kong Chapter of the Alternative Investment ManagementAssociation (AIMA).
Danny Yong is the founding partner and CIO of Dymon Asia Capital.Before this he was a founding partnerand CIO of Abax Global Capital, a Hong Kong-based hedge fund.He also servedas managing director at Citadel Investment Asia in Hong Kong.
“The fact that an increasing number of Asia Pacific-based managersare committed to meeting global standards is further evidence that Asia Pacific is becoming a major region in the alternative investment industry,complementing North America and Europe,” said Dame Amelia Fawcett, chairman ofthe HFSB.
The committee was established in June 2016 with Asia Pacific-basedrepresentatives from Albourne, CPPIB, Future Fund, GIC and PAG. It aims to assistHSFB’s relationships with regulators, managers and investors, addressing Asia-Pacificregional and local issues.
In mid-December, the HFSB named Luke Ellis, the chiefexecutive of hedge fund manager Man Group, as trustee. Henry Kenner, chiefexecutive of Arrowgrass, a hedge fund spun out of Deutsche Bank, also joined astrustee.
Hundreds of hedgefunds and other institutional investors have backed the HFSB, including GoldmanSachs Asset Management earlier this year.
The tradeorganisation is also forming a working group to study liquid alternatives –which range from UCITS hedge funds to multi-asset options, such as risk parity strategies.
