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Opalesque Exclusive: MFA President Jack Gaine to meet Bernanke in `next couple of weeks` Matthias Knab reports from the 13th MFA Forum in Chicago: The Managed Funds Association is now boasting over 1000 members, with two thirds of the fifty largest global hedge funds amongst them, and continues to grow as the industry overall is expanding. The MFA is hiring more specialist staff and intensifies its educational programs.

According to MFA President Jack Gaine, the MFA is “in front of the SEC virtually every day”, either by providing speakers, doing seminars, in personal meetings or on the other side of a telephone.

Apart from the SEC, the MFA regularly consults with the Counter Party Risk Policy Group, has formed links to the U.S. Treasury and will meet Fed chairman Bernanke “within the next couple of weeks”. Gaine said the SEC won't extend its oversight of the hedge fund industry beyond investor protection in the near term without more interaction from the Treasury and the Fed. Panellist added hedge fund regulation has become a global issue, the U.S. may not dash ahead with tightening rules on its own.

Hedge Fund Adviser Ethics Program: Hot issues Moderator Wes Niessen from Winston & Strawn LLP said it is quite noteworthy that this year’s MFA event kicks off with a panel of four lawyers focusing on “hedge fund ethics”.

Paul M. Architzel from Alston & Bird LLP said the CFTC rules were traditionally......................

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