Key Takeaways
- • Richard H. Baker, President and CEO of the Managed Funds Association, will step down from both positions effective December 31, 2019, marking the end of his tenure leading the $21 million-revenue hedge fund industry trade group.
- • Baker, a former U.S. Congressman (R-La.), has led MFA through a period representing the interests of the alternative asset management sector, transitioning to the role after leaving Congress.
- • The leadership transition occurs at year-end, providing the MFA board with a defined timeline for succession planning and identifying a replacement to lead the organization into 2020.
Summary
Richard H. Baker, the President and Chief Executive Officer of the Managed Funds Association, has announced his departure from the organization, effective December 31, 2019. The announcement was made on March 21, 2019, according to reporting from Pensions & Investments.
Baker previously served as a U.S. Representative from Louisiana before transitioning to lead the MFA, the trade association representing the hedge fund and alternative asset management industry. Under his leadership, MFA has operated as a $21 million-revenue organization advocating for managed funds sector interests.
The year-end departure provides the MFA Board of Directors with a structured transition period to identify and appoint a successor. No details regarding Baker's successor or reasons for the departure have been disclosed in available reports. The leadership change represents a significant moment for the hedge fund industry's primary advocacy organization as it prepares for transition in 2020.
Baker previously served as a U.S. Representative from Louisiana before transitioning to lead the MFA, the trade association representing the hedge fund and alternative asset management industry. Under his leadership, MFA has operated as a $21 million-revenue organization advocating for managed funds sector interests.
The year-end departure provides the MFA Board of Directors with a structured transition period to identify and appoint a successor. No details regarding Baker's successor or reasons for the departure have been disclosed in available reports. The leadership change represents a significant moment for the hedge fund industry's primary advocacy organization as it prepares for transition in 2020.
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