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Opalesque Exclusive: MFA grows membership with outreach to providers as part of strategy to get proactive on hedge fund issues
From Kirsten Bischoff, Opalesque New York: The MFA announced a new class of memberships within the organization, opening up the door to those companies which provide services to alternative investment vehicles. This new group of members will be represented by the MFA Strategic Partners’ Council (SPC) which will interact with the MFA Board of Directors, the MFA Founders’ Council and the HFAC Steering Committee to promote “a dialogue to foster an environment of industry-wide sound practices”.
With the launch of this new class of membership it appears that the MFA is keeping its attention on the possible additional restrictions the global governments are looking to take in order to appease the public regarding the current financial crisis. The MFA’s reach (and backers) will now extend to include this inaugural group of Strategic Partners: CME Group, Citco Fund Services, Credit Suisse, The Depository Trust & Clearing Corporation, Ernst & Young LLP, Goldman Sachs & CO, Lehman Brothers, PricewaterhouseCoopers and UBS.
The best offense is a good defense
The ramped up lobbying efforts of the organization to head off the possibility of regulatory overreach are evident in this new initiative. They are also echoed in MFA President and CEO Richard Baker’s comments as he sees this additional outreach as part of a collaborati...................... To view our full article Click here
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