In an effort to unify and strengthen the voice of the hedge fund community, two industry associations have formed a new partnership.
The Managed Funds Association, which represents hedge funds and other asset management firms on a national level, and the Connecticut Hedge Fund Association, a regional hedge fund association representing 150 member firms with operations in Connecticut, have formed a strategic alliance.
According to a release, the new relationship allows the MFA to broaden its educational efforts and continue unifying the industry voice in a region with a high concentration of hedge funds.
“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.”
As part of the alignment, Brooke Harlow, executive vice president of the Managed Funds Association, will join the CTHFA’s board of directors.
MFA previously announced that it was seeking to form alliances with regional hedge fund associations, and the Mid Atlantic Hedge Fund Association was the first group to affiliate at the national level in October 2009.