The Hedge Fund Standards Board (HFSB) launched a consultation paper on managing conflicts of interest.The paper outlines a number of proposed amendments to the HFSB's existing Standards so as to ensure:
- Disclosure to investors of similar funds, accounts or vehicles, including employee or partner funds (upon request).
- Disclosure of trade allocation policies to investors (upon request).
- Sound internal arrangements to mitigate conflicts of interest.
The proposals build on the existing Standards introduced in 2012 and are likely to be of assistance to all funds.