Standards Board for Alternative Investments
A series of hedge fund best practice standards were drawn up in January 2008 by the Hedge Fund Working Group ("HFWG"), which comprised 14 of the leading hedge fund managers based mainly in London. The HFWG identified 28 best practice standards that are broadly categorised into five areas: Disclosure, Valuations, Risk, Fund Governance and Shareholder Conduct. The Hedge Fund Standards Board was set up to monitor conformity with the standards and is responsible for updating and refining them as appropriate. As of September 2017, the Hedge Fund Standards Board has changed its name to the Standards Board for Alternative Investments (SBAI).
Lansdowne Partners Limited was one of the 14 founding members of the HFWG. On 1 July 2014, Lansdowne Partners (UK) LLP succeeded Lansdowne Partners Limited as a signatory to the best practice standards.