The Hedge Fund Standards Board (HFSB) has appointed Clint Carlson (pictured), Founder of Carlson Capital, an USD8 billion alternative asset management firm based in Texas, to its Board.
The HFSB is the global standard-setting body for the hedge fund industry and custodian of the Hedge Fund Standards.
The addition of Carlson to the HFSB board reflects recent growth in the number of US managers supporting the Hedge Fund Standards. New US signatories in 2016 include Carlson Capital, as well as Alyeska Investment Group, BCK Capital, MKP Capital Management, and ROW Asset Management.
North American signatories currently represent the largest share of the HFSB’s 120 signatories. Assets under management of all HFSB signatories now total more than $800 billion. The HFSB’s Investor Chapter is comprised of 60 major institutional investors, almost half of them from North America.
Dame Amelia Fawcett, Chairman of the HFSB, says: “Clint’s years of broad experience and proven business leadership in the asset management industry, particularly in the US, will add a valuable perspective to the Board, and his appointment demonstrates again the value of the Standards for the North American hedge fund community. We appreciate his willingness to serve as a Trustee and look forward to benefiting from his experience, judgement and counsel as we continue our engagement in North America and globally to improve industry practices.”
Carlson says: “I am delighted to join the Board. I believe Standards play a powerful role in our industry. Standardised practices, which are sound and ensure fair treatment of investors, strengthen our industry by increasing investor confidence and making investor due diligence and monitoring more efficient.”
Carlson founded Carlson Capital in 1993. Prior to that he worked at the Bass Brothers organisation and Maxxam Group. Carlson received a BA and an MBA from Rice University and a law degree from the University of Houston. He is a Board Member of the Rice Management Company and a member of the Board of Overseers for the Jones School of Business at Rice University.
