MFA AND CTHFA ALLIANCE UNIFIES FUND INDUSTRY
MFA aligns with Connecticut Hedge Fund Association (CTHFA) in order to broaden a mutual understanding of the market’s issues. Connecticut hosts one of the largest concentration of hedge fund firms in the country.
The full text of the press release is reprinted below, and can also be found here.
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MFA Announces Alliance With Connecticut Hedge Fund Association
WASHINGTON, DC – Managed Funds Association (MFA) President and Chief Executive Officer Richard H. Baker, today announced that MFA has formed an alliance with the Connecticut Hedge Fund Association (CTHFA), a regional hedge fund association representing 150 member firms with operations in Connecticut.
The new relationship allows MFA to broaden its educational efforts and continue unifying the industry voice in a region with a high concentration of hedge funds. CTHFA will gain a valuable understanding of industry positions and issues through its connection to MFA.
“We are pleased to begin an alliance with the Connecticut Hedge Fund Association,” said Richard H. Baker, MFA President and CEO. “With a large number of major hedge fund advisers headquartered in Connecticut, we look forward to sharing ideas and collaborating on key initiatives, including restoring investor confidence and fostering high standards of professional conduct and client services.”
Bruce McGuire, CTHFA President, said, “Connecticut is home to the second largest concentration of hedge fund firms in the U.S., as well as large endowment funds such as the Yale University Endowment. It is essential for the hedge fund industry to meet at both the regional and national levels to discuss and analyze the substantive issues that are impacting the markets and our investors. We are pleased to affiliate with MFA and look forward to aligning our initiatives and being a part of the unified industry voice. As part of this alignment, we have invited Brooke Harlow, Executive Vice President of the Managed Funds Association to join the CTHFA’s Board of Directors, ensuring a direct line of communication and active engagement with the large number of single manager hedge funds, commodity trading advisors, and fund of funds based in Connecticut.”
MFA previously announced that it was seeking to form alliances with regional hedge fund associations, and the Mid Atlantic Hedge Fund Association (MAHFA) was the first group to affiliate at the national level in October 2009.
About Managed Funds Association
MFA is the voice of the global alternative investment industry. Its members are professionals in hedge funds, funds of funds and managed futures funds, as well as industry service providers. Established in 1991, MFA is the primary source of information for policy makers and the media and the leading advocate for sound business practices and industry growth. MFA members include the vast majority of the largest hedge fund groups in the world who manage a substantial portion of the approximately $1.5 trillion invested in absolute return strategies. MFA is headquartered in Washington, D.C., with an office in New York. For more information, please visit: www.managedfunds.org.
About Connecticut Hedge Fund Association
CTHFA is the voice of the Connecticut alternative investment industry. Its members are professionals in hedge funds, funds of funds and managed futures funds, as well as academics and service providers. Established in 2004, CTHFA has grown into the leading regional hedge fund association in the U.S. CTHFA is proud of its partnerships with leading business schools including those at The University of Connecticut, Fairfield University and Yale University. In 2009, CTHFA also added the Harvard Business School Club of CT as an “academic partner.” CTHFA and its partners produce an acclaimed symposium series and host the annual Global Alpha Forum conference in Greenwich. CTHFA is headquartered in Fairfield County, CT. For more information, please visit: www.cthedge.org
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