The group set up in January to monitor the UK hedge fund sector’s conformity to new best practice standards has named figures from across the industry to its first board of trustees and picked a former Goldman Sachs vice-chairman to chair it.

The Hedge Fund Standards Board, which was forged to assess industry conformity to the recommendations produced in January by Sir Andrew Large and a working group comprising 14 hedge funds, also yesterday included a UK pension fund manager and a Far Eastern sovereign wealth fund among its 13 new full-time members.