The first chairman of Hedge Fund Standards Board (HFSB), an international group that promulgates best practices for hedge fund managers, has passed away.
According to HFSB’s August newsletter, Antonio Borges, 63, passed away on August 25. The cause of death was not disclosed.
Borges, one of Portugal’s most internationally successful economists, was the chairman of HFSB when it was founded in 2008 and held the post until December 2010. During his two years on the board, it is noted that he provided “outstanding leadership in spearheading the signatory campaign in Europe at the time when the HFSB was making its first steps” and major European hedge funds committed to the board as a result.
Borges joined the European Department of the International Monetary Fund in Washington D.C. after his departure from HFSB and remained in that position until 2011.