IAFE to Host Hedge Fund Disclosure and Transparency Briefing

Mark Anson (CalPERS), Philip DiDio (FRM), Leon Metzger (Paloma Partners), Bill Miller (Rockefeller Foundation), Leslie Rahl (CMRA)

12:30 p.m. on Tuesday, September 24
at Capital Market Risk Advisors
101 East 52nd Street, 30th Floor
An informal lunch will be provided.

The IAFE’s Investor Risk Committee (IRC) invites you to an advisory that will provide the press with information on the major issues involved in hedge fund transparency and cover our current work regarding disclosure.

The IAFE launched the IRC in January 2000 to provide a forum to discuss the optimum level of disclosure between hedge funds and their investors. Since its inception, the IRC has held a series of meetings across the globe on this subject, which have been closed to the press. We have received several requests for a press briefing and are hosting this advisory to explain the IRC’s work and answer questions in advance of our next workshop, which will be held in New York City on September 26, 2002.

The IRC initiative is widely supported by over 300 individuals representing institutional investors, hedge funds, and other interested parties around the world, as well as by the Alternative Investment Management Association (AIMA), the global non-for-profit trade association for the hedge fund community. The IRC’s mission includes defining the needs of institutional investors as they increase hedge fund exposure and providing results to aid investors and managers in benchmarking their practices. The IRC is also dedicated to educating the greater financial community about the activities of hedge funds, especially in light of recent press attention.

To date, the IRC has published two reports on hedge fund disclosure for institutional investors. The IRC continues its work on advancing the industry’s consensus regarding hedge fund disclosure.

*For information about the IAFE and the IRC’s participants, please see our list of Board Members, Senior Fellows, IRC Membership. A list of the IRC’s Steering Group is attached to this email.
*For background please see the following IRC documents: IRC Meeting Notes from July 27, 2002, IRC Findings from June 6, 2002, IRC’s Release July 21, 2001, and IRC Consensus Statement, October 12, 2000. Also please visit our web site, www.iafe.org.

About the IAFE:
The IAFE is a professional society dedicated to fostering the profession of quantitative finance by providing platforms to discuss cutting-edge and pivotal issues in the field. Founded in 1992, the IAFE is composed of individual academics and practitioners from banks, broker dealers, hedge funds, pension funds, asset managers, technology firms, regulators, accounting, consulting and law firms, and universities across the globe.