Opalesque Industry Update: Managed Funds Association (MFA), the voice of the global alternative investment industry representing hedge fund and managed futures firms that manage over seventy-percent of total industry assets, today announced its 2012/2013 Board of Directors. The new Board will include members with deep regulatory experience and a global perspective, reflecting MFA’s goal of constructive engagement with policy makers and regulators around the world.|
The Board unanimously re-elected William R. Goodell, chief operating officer, Maverick Capital, Ltd., as its Chair.
“The alternative investment industry is increasingly a global industry, with MFA members located in many of the financial centers in the world. Because of this, MFA’s membership elected a Board that truly reflects the global focus of our membership,” said Mr. Goodell. “With so many regulatory and policy discussions underway it is essential that MFA is able to credibly engage with decision makers on the issues most significant to our industry on a coordinated and global basis, and I believe this Board allows MFA to be incredibly effective in these advocacy and educational efforts.”
Newly elected directors serving two-year terms on MFA’s Board include: Christopher Greene, managing director and chief administrative officer, Tudor Investment Corporation; David C. Haley, president and managing director, HBK Capital Management; Steve Kessler, chief compliance officer, S.A.C. Capital Advisors, L.P.; and, Kimberly Summe, general counsel and chief operating officer, Partner Fund Management, LP.
Directors re-elected to serve two-year terms on the Board include: Todd Builione, president and CEO, hedge fund business, Highbridge Capital Management, LLC; Michael Gismondi, chief operating officer, TPG-Axon Capital Management, LP; David Harding, founder, chairman and head of research, Winton Capital Management Ltd.; Tracy V. Maitland, president and chief investment officer, Advent Capital Management, LLC; Michael Mendelson, principal, AQR Capital Management, LLC; and, Joseph D. O’Brien III, partner, chief operating officer, Highside Capital Management, LP.
The Board elected the following officers to serve with Mr. Goodell: Jim Rowen as Vice Chair, Howard Altman as Treasurer, and Todd Builione as Secretary.
MFA also announced its new executive committee, which includes Mr. Goodell, Darcy Bradbury, Todd Builione, Sonia Gardner, Michael Gismondi, David Harding, and Jim Rowen. Board officers and members of the executive committee serve one-year terms.
MFA also appointed four new directors to serve one-year terms on its Board: Barry Bausano, global head of prime finance and president, DBSI, Deutsche Bank; Eric R. Dinallo, partner, Debevoise & Plimpton LLP; Paul Meister, managing director, chief operating officer, Grosvenor Capital Management, L.P.; and, David Vaughan, partner, Dechert LLP.
Incumbent Board members who were elected in 2011 and will serve through 2013 include: Gerald A. Beeson, chief operating officer, Citadel LLC; Scott B. Bernstein, senior vice president and general counsel, Caxton Associates, LP; Darcy Bradbury, managing director, the D. E. Shaw group; Sonia E. Gardner, president, managing partner and co-founder, Avenue Capital Group; William R. Goodell, chief operating officer, Maverick Capital, Ltd.; Keith L. Horn, chief operating officer, Elliott Management Corporation; Nagi Kawkabani, founding partner, senior trader, Brevan Howard, Inc; Henry Kenner, chief executive officer, Arrowgrass Capital Partners LLP; Mark Madden, COO and director, Tyrus Capital S.A.M.; Jim Rowen, chief operating officer, Renaissance Technologies LLC; and, Jeffrey A. Weber, president, York Capital Management. Incumbent Board members who were re-appointed to another term and will serve through 2013 include: Howard Altman, co-managing principal and principal-in-charge of the financial services group, Rothstein Kass; Peter M. Gilbert, chief investment officer, Lehigh University; Michael J. Inserra, partner, Ernst & Young, LLP; Gumersindo Oliveros, chief executive officer and chief investment officer, KAUST Investment Management Company; Philip S. Vasan, managing director, global head of prime services, Credit Suisse; and, Ash Williams, executive director and chief investment officer, Florida State Board of Administration.
Incumbent special advisor to the Board is Paul N. Roth, founding partner, Schulte Roth & Zabel LLP.
The Board extended its appreciation to four outgoing elected directors, including: Putnam Coes, chief operating officer, Paulson & Co., Inc.; Scott M. Lawin, chief operating officer, Moore Capital Management, LP; Mark Horowitz, chief operating officer and general counsel, Glenview Capital Management; and, John G. Macfarlane III, chairman, Zafferano Capital LLC.
Richard H. Baker, MFA President and CEO, said, “MFA is immensely grateful for the commitment of time, insight, and leadership given by these outstanding departing directors. As we have worked to grow MFA into an association that accurately reflects the global evolution of our industry this Board has been steadfast in its support for the actions and initiatives necessary, all of which has contributed to the success MFA enjoys today and will continue to enjoy for many years.”
The Board also thanked its three outgoing appointed directors: Jack Klinck, executive vice president, State Street Corporation; Kenneth Raisler, partner, Sullivan & Cromwell LLP; and, Erik R. Sirri, professor, Babson College.
MFA’s Board of Directors provides governance oversight for the association’s education, advocacy, and outreach on global issues impacting the alternative investment industry. The Board also determines MFA’s policy priorities and ensures the proper resources and support are in place to allow for the association’s constructive contribution to policy debates.