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Thursday, Oct. 30, 2014

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Golden to serve on federal committee

The U.S treasury secretary has tapped Andrew Golden, president of the Princeton University Investment Co. (PRINCO), to serve on a new committee that will offer proposals for best practices for investors to enhance market integrity.

As a member of the Investors' Committee of the President's Working Group on Financial Markets, Golden will serve a three-year term -- subject to reappointment -- to develop detailed guidelines for investors in private pools of capital. The 12-member committee will facilitate and foster continuing dialogue between investors and members of the President's Working Group on issues related to due diligence, risk management and regulatory safeguards for investor protection.
The working group, known as the PWG, is chaired by the treasury secretary and is composed of the chairs of the Federal Reserve Board, Securities and Exchange Commission and Commodity Futures Trading Commission. Formed in 1988, the group is charged with enhancing the integrity, efficiency and competitiveness of financial markets, and also maintaining investor confidence.
"It is a privilege to spend time in the nation's service, contributing what I can to efforts to assure healthy and fair private investment markets," Golden said, referring to the University's unofficial motto of "Princeton in the nation's service and in the service of all nations."
"The invitation to join in this endeavor reflects recognition of the PRINCO team's collective experience, knowledge and success investing in private partnerships," Golden said.
Golden has been the president of PRINCO for more than 12 years, managing a University endowment valued at $14.8 billion as of March 31, 2007. He testified in March before the Financial Services Committee of the U.S. House of Representatives, offering his insights on hedge funds and systemic risk in financial markets.
The initial focus of the Investors' Committee will be to build on guidelines issued by the PWG in February of this year. These guidelines were designed to aid regulators addressing public policy issues associated with the rapid growth of private pools of capital, including hedge funds.

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