Key Takeaways
- • The Managed Funds Association (MFA) has formed an alliance with the Connecticut Hedge Fund Association (CTHFA), a regional body representing 150 member firms operating in Connecticut.
- • Connecticut hosts the second-largest concentration of hedge fund firms in the US, according to CTHFA president Bruce McGuire, and large endowments such as the Yale University Endowment.
- • The partnership is designed to broaden MFA's educational efforts and unify the industry's voice, with stated priorities including restoring investor confidence and fostering high standards of professional conduct.
- • CTHFA has invited MFA executive vice president Brooke Harlow to join its board of directors.
- • The CTHFA alliance follows the Mid Atlantic Hedge Fund Association, which became the first regional group to affiliate with MFA at the national level in October 2009.
Summary
The Managed Funds Association has formed an alliance with the Connecticut Hedge Fund Association, a regional association representing 150 member firms with operations in Connecticut, according to Hedgeweek. The relationship is intended to extend MFA's educational efforts and to consolidate the industry's collective voice in a region with a high concentration of hedge fund managers.
MFA president and chief executive Richard H. Baker said the organization looks forward to sharing ideas and collaborating on key initiatives, including restoring investor confidence and fostering high standards of professional conduct and client services. He noted that a large number of major hedge fund advisers are headquartered in Connecticut. Through the affiliation, CTHFA will gain an understanding of industry positions and issues via its connection to MFA.
Bruce McGuire, president of CTHFA, emphasized Connecticut's status as home to the second-largest concentration of hedge fund firms in the US, as well as large endowments such as the Yale University Endowment. He argued that the industry must engage at both regional and national levels to analyze substantive issues affecting markets and investors, and said the association looks forward to aligning its initiatives with MFA.
As part of the arrangement, CTHFA has invited Brooke Harlow, MFA's executive vice president, to join its board of directors.
The CTHFA alliance is part of MFA's broader effort to form ties with regional hedge fund associations. The Mid Atlantic Hedge Fund Association was the first group to affiliate with MFA at the national level, doing so in October 2009.
MFA president and chief executive Richard H. Baker said the organization looks forward to sharing ideas and collaborating on key initiatives, including restoring investor confidence and fostering high standards of professional conduct and client services. He noted that a large number of major hedge fund advisers are headquartered in Connecticut. Through the affiliation, CTHFA will gain an understanding of industry positions and issues via its connection to MFA.
Bruce McGuire, president of CTHFA, emphasized Connecticut's status as home to the second-largest concentration of hedge fund firms in the US, as well as large endowments such as the Yale University Endowment. He argued that the industry must engage at both regional and national levels to analyze substantive issues affecting markets and investors, and said the association looks forward to aligning its initiatives with MFA.
As part of the arrangement, CTHFA has invited Brooke Harlow, MFA's executive vice president, to join its board of directors.
The CTHFA alliance is part of MFA's broader effort to form ties with regional hedge fund associations. The Mid Atlantic Hedge Fund Association was the first group to affiliate with MFA at the national level, doing so in October 2009.
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