The Managed Funds Association, a hedge fund trade group, spent $950,000 in Q1 2011 lobbying federal officials, reports Bloomberg Businessweek.
The amount spent was down from the $1.37 million spent in Q1 2010, but up from the $670,000 spent in Q4 2010.
The Washington, D.C.-based association represents “professionals in hedge funds, funds of funds and managed futures funds, as well as industry service providers,” according to its web site. Its “Founder’s Council” is a who’s who of hedge fund luminaries, including Highbridge Capital Management, Elliott Management Corporation, Paulson & Co and Tudor Investment Corporation.
According to an April 20 filing with the House clerk’s office, the association’s lobbying activities in Q1 focused on implementation of the Dodd-Frank Act, the Consumer Protection Act, a mortgage relief program and registration requirements for private equity fund advisers.
Bloomberg says the hedge fund association’s lobbying efforts were targeted at Senators, House members, the SEC, the Department of the Treasury and the Commodity Futures Trading Commission.