Standards Board for Alternative Investments (Sbai)

the standards board for alternative investments (sbai), previously known as the hedge fund standards board (hfsb), is a standard-setting body for the alternative investment industry and acts as custodian of the alternative investment standards. this provides a powerful mechanism for creating a framework of transparency, integrity and good governance so as to maintain a high reputation for the industry, facilitate investor due diligence and complement public policy, thus serving the interests of all market participants and of the economy at large.