Opalesque Industry Updates - Managed Funds Association (MFA) President and Chief Executive Officer Richard H. Baker, today announced that MFA will form alliances with regional hedge fund associations and their members in order to collaborate on key initiatives. The new MFA alliances will provide an opportunity for regional hedge fund associations to play a role in furthering MFA’s mission of advocating industry growth.|
“We are pleased to announce this important new initiative to collaborate with regional hedge fund associations toward a common goal,” said Richard H. Baker, MFA President and CEO. “The affiliate associations will join MFA in a cooperative effort to ensure that all participants in the alternative investment industry work together to maintain a robust and healthy industry, across all regions, committed to market disciplines, professional conduct and client services.”
The first of these affiliations will be with the Mid Atlantic Hedge Fund Association (MAHFA) with other regional alliances to follow shortly. Andy Russin, MAHFA President, said, "It is imperative for all industry participants to work collaboratively and speak with a unified voice as our industry continues to evolve and gain prominence in the markets and in the portfolios of institutional investors such as pensions, endowments, foundations and sovereign wealth funds. We are pleased to affiliate with MFA and share our regional relationships and outlooks with MFA's Board of Directors and staff."
MFA will hold a special meeting for new and potential affiliates at its inaugural hedge fund leadership conference, Outlook 2009, October 15-16, at The Waldorf Astoria. Corporate website: www.managedfunds.org