Key Takeaways
- • Managed Funds Association (MFA) named Jonathan Hitchon, COO of Two Sigma Investments, as Chair of its board, with Natalie Birrell, Partner and COO of Anchorage Capital Group, as Vice Chair.
- • The board unanimously elected Hitchon and Birrell, and reelected Joe Wiggins of PricewaterhouseCoopers as Secretary and Treasurer.
- • Institutional investors account for nearly 60 percent of the hedge fund industry's $3.6 billion in capital under management, according to Preqin.
- • MFA reports annual revenue of $20 million, a threefold increase since 2007, and twice as many employees as before.
- • MFA President and CEO Richard H. Baker, who announced in March that he would retire at the end of 2019, said the association is well positioned to serve the global hedge fund industry.
Summary
Managed Funds Association, the trade association for the global alternative investment industry, announced its new Board of Directors on September 25. The board, which provides governance oversight and guides MFA's advocacy, education and communication efforts, was described as representing a diversity of hedge fund firms, strategies and locations, as well as institutional investors and other stakeholders.
The board unanimously elected Jonathan Hitchon, Managing Director and Chief Operating Officer of Two Sigma Investments, LP, as Chair. Natalie Birrell, Partner and COO of Anchorage Capital Group, L.L.C., was elected Vice Chair. Joe Wiggins, Partner and U.S. Leader of the Assurance Alternatives Practice at PricewaterhouseCoopers LLP, was reelected as Secretary and Treasurer.
In a statement, Hitchon said member firms are helping investors manage risk, diversify portfolios and deliver risk-adjusted returns over time. He added that more work remains, citing MFA's efforts to promote efficient, fair and transparent markets, educate stakeholders and communicate the industry's value. He said he looked forward to building an industry that will continue to serve pension funds, endowments and other investors.
According to Preqin, institutional investors make up nearly 60 percent of the industry's $3.6 billion in capital under management. MFA President and CEO Richard H. Baker said the association, with a larger and more diverse membership, twice as many employees and annual revenue of $20 million, a threefold increase since 2007, is well positioned to meet the needs of the global hedge fund industry. Baker announced in March that he would retire at the end of 2019.
The board unanimously elected Jonathan Hitchon, Managing Director and Chief Operating Officer of Two Sigma Investments, LP, as Chair. Natalie Birrell, Partner and COO of Anchorage Capital Group, L.L.C., was elected Vice Chair. Joe Wiggins, Partner and U.S. Leader of the Assurance Alternatives Practice at PricewaterhouseCoopers LLP, was reelected as Secretary and Treasurer.
In a statement, Hitchon said member firms are helping investors manage risk, diversify portfolios and deliver risk-adjusted returns over time. He added that more work remains, citing MFA's efforts to promote efficient, fair and transparent markets, educate stakeholders and communicate the industry's value. He said he looked forward to building an industry that will continue to serve pension funds, endowments and other investors.
According to Preqin, institutional investors make up nearly 60 percent of the industry's $3.6 billion in capital under management. MFA President and CEO Richard H. Baker said the association, with a larger and more diverse membership, twice as many employees and annual revenue of $20 million, a threefold increase since 2007, is well positioned to meet the needs of the global hedge fund industry. Baker announced in March that he would retire at the end of 2019.
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