IRC increases drive for hedge fund disclosure

The Investor Risk Committee (IRC), part of the International Association of Financial Engineers (IAFE), has added three members to its steering group, in a move to increase its work on encouraging hedge fund disclosure and transparency.

The three new members are: Thijs Coenen, head of risk management at Dutch pension fund ABP Investments; Leo Lueb, manager of alternative investment at Dutch pension fund PGGM; and Derek Doupe, director alternative investment at Washington-based investment firm Frank Russell Capital.

The IRC was created in 2000 to provide a forum to discuss the optimum level of disclosure between hedge funds and their investors. The initiative is supported by over 300 institutional investors and hedge funds around the world, as well as by the Alternative Investment Management Association (AIMA),the global not-for-profit trade association for the hedge fund community.

“As an investor in hedge funds, ABP is very much aware of the importance of developing risk transparency standards for hedge funds without compromising investment performance. The key to hedge fund risk factors is that they can be aggregated across an investor's entire portfolio,” said Coenen.

IRC co-heads are Maarten Nederlof, the New York-based managing director of the pensions strategy group at Deutsche Bank, and Tanya Styblo Beder, a managing director of New York-based investment firm Caxton Associates.