The Investors' Committee
The Investors' Committee is comprised of representatives from a broad array of
investors and investor advocates, potentially including representatives from
labor organizations, endowments, foundations, corporate and public pension
funds, investment consultants, and other U.S. and non-U.S. investors. Its
purpose is to facilitate an exchange of information between the investor
community and the agencies comprising the President's Working Group on Financial
Markets.
The first task of the Committee was to develop detailed guidelines that would
define "best practices" for investors in private pools of capital. The Report of the Committee,
"Principles and Best Practices for Hedge Fund Investors", is available by
clicking here.
Comments may be submitted by clicking on the Submit Comments link on the left of
this page.
Members
Russell Read, Chair
CalPERS
|
Sandra Urie, Vice-Chair
Cambridge Associates, LLC |
Gary Bruebaker
Washington State Investment Board |
George Main
Diversified Global Asset Management Corporation |
Myra Drucker
Commonfund |
Salim Shariff
Weyerhaeuser Pension Fund |
Tom Dunn
New Holland Capital |
Ellen Shuman
Carnegie Corporation of New York |
Peter Gilbert
Lehigh University Endowment Fund |
Damon Silvers
AFL-CIO |
Andrew Golden
Princeton University Investment Company |
Greg Williamson
BP America Inc. |
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Mission Statement
The Investors Committee is comprised of representatives from a broad array of
investors and investor advocates, potentially including representatives from
labor organizations, endowments, foundations, corporate and public pension
funds, investment consultants, and other U.S. and non- U.S. investors. Its
purpose is to facilitate an exchange of information between the investor
community and the agencies comprising the President's Working Group on Financial
Markets ("PWG"). It will be a standing committee, and its members serve at the
behest of the committee's chairperson for three-year terms. Members may be
reappointed for additional terms. It is expected that the committee will develop
best practice guidelines, as described below, and also subsequently review and
reassess, and if necessary revise, those guidelines.
The first task of the committee is to develop detailed guidelines that would
define "best practices" for investors in private pools of capital, including
practices regarding information, due diligence, risk management, and reporting.
They would foster efforts to enhance market discipline, mitigate systemic risk,
augment regulatory safeguards regarding investor protection, and complement
regulatory efforts to enhance market integrity. These guidelines would review
and build on existing industry work and the principles and guidelines released
in February 2007 by the PWG, particularly Principles 4, 5, and 8, where
possible. The initial focus will be on practices related to investment in hedge
funds.
Principles and Best Practices for Hedge Fund Investors
The Report of the Committee,
"Principles and Best Practices for Hedge Fund Investors", is available by
clicking here.