The Standards Board for Alternative Investments (SBAI) has established a North American Committee of leading alternative investment managers and institutional investors to direct the SBAI’s efforts in the region.
The SBAI is supported by approximately 200 alternative investment managers and investors overseeing USD3 trillion.
Members of the SBAI North American Committee will include: Jane Buchan, CEO, PAAMCO; Clint Carlson, President & Chief Investment Officer, Carlson Capital; John Claisse, CEO, Albourne Partners; Tom DeVita, COO & CFO, MKP Capital Management; Samantha Foster, Managing Director, University of Southern California; Ed O’Reilly, Senior Managing Director, Citadel; Russell Read, CIO, Alaska Permanent Fund; John Richardson, COO & General Counsel, Ionic Capital Management; Scott Taylor, Managing Director, Canada Pension Plan Investment Board; and Karl Wachter, General Counsel, Magnetar Capital.
The committee will direct the SBAI’s efforts in North America, including identifying local issues for inclusion in the SBAI’s studies and working groups, supporting the SBAI’s North American roundtables, communicating with SBAI members, and driving increased participation in the SBAI among North American alternative investment managers and institutional investors.
Dame Amelia Fawcett, Chairman of the SBAI, says: “We’re excited to have such a strong group of leaders from the North American investment community backing the SBAI’s activities. This points to the unique role the SBAI serves as a platform for bringing managers and investors together to improve how the alternative investment industry operates.
“We look forward to working with the SBAI North American Committee to educate more managers and investors in the region on how supporting good practices helps the industry as well as individual participants.”
The percentage of SBAI manager Signatories and Investor Chapter Members from North America has increased in recent years, so that the largest percentage of SBAI supporters are now from North America. Forty per cent of SBAI Signatories are from North America, compared to 13 per cent in 2012. Notable managers from North America who became SBAI Signatories over the last year included 400 Capital Management, ARP Americas, Citadel, Elementum Advisors, Highbridge Capital Management and Polar Asset Management Partners; and institutional investors joining the SBAI Investor Chapter included Air Canada Pension Investments, Morgan Stanley Investment Management and Pennsylvania Public Employees’ Pension.
In 2017, the SBAI brought together more than 1,000 participants from alternative investment managers and institutional investors in 17 roundtables held globally to discuss issues such as alignment of interests, big data and AI, cyber security, fee terms and definitions, factor-based investing, insider trading and responsible investing. Roundtables in North America were held in Boston, Chicago, Los Angeles, Montreal, New York, San Francisco, Toronto, and Washington, DC.