
 Capital Allocators – Inside the Institutional Investment Industry
 Capital Allocators – Inside the Institutional Investment Industry [REPLAY] Luke Ellis and Mario Therrien – Best Practices in Alternatives (Capital Allocators, EP.158)
 Sep 20, 2021 
 Luke Ellis, CEO of Man Group, and Mario Therrien, Head of Investment Funds at CDPQ, share their seasoned insights on the hedge fund industry. They discuss the evolution of the Standards Board of Alternative Investments, emphasizing the need for collaboration to enhance transparency and best practices. The duo reflects on the changing landscape of hedge fund fees and how technology is shaping the future. Their chat also includes fun career dreams and valuable lessons learned from their mothers, balancing serious topics with light-hearted anecdotes. 
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SBAI Origins
- Hedge fund managers initially aimed to establish standards for better behavior after the 2008 financial crisis.
- Investors quickly joined, creating a balance and a platform for discussing best practices.
Encouraging Adoption
- Gain buy-in from investors and encourage managers to follow best practices.
- Managers can also promote these standards to investors, fostering industry-wide improvement.
SBAI Standards
- The SBAI created standards for areas like fee disclosure, conflict management, and expenses.
- These standards provide guidelines for operational due diligence and promote transparency.

