Monday, 28 July 2014
Last updated 2 hours ago
Sep 21 2011 | 2:30am ET
The U.S. hedge fund industry’s leading lobbying group has shaken up its board of directors, electing Maverick Capital’s chief operating officer its new chairman.
In addition to naming William Goodell to that post, the Managed Funds Association added two representatives from the European hedge fund industry to its board, as well as institutional investors for the first time.
The MFA said that Goodell would shepherd the organization through impending regulatory changes. “There are several areas under discussion for regulatory change, any one of which could result in significant change in current practice,” CEO Richard Baker said.
There are also significant changes to the MFA’s board, notably an increased number of European hedge fund representatives. Newly-elected to the board are Brevan Howard Asset Management CEO Nagi Kawkabani, Tyrus Capital Chief Operating Officer Mark Madden and York Capital Management President Jeffrey Weber. In addition, Lehigh University’s chief investment officer, Peter Gilbert, and Ash Williams, CIO of the Florida State Board of Administration, will represent institutional investors.
“As global investors, our members are increasingly focused on the international arena,” Goodell said. “The geographic and institutional diversity represented on our incoming board demonstrates MFA’s commitment to a globally coordinated regulatory process.”
Goodell, the brother of National Football League Commissioner Roger Goodell and the son of former Sen. Charles Goodell (R-N.Y.) formerly worked for Tiger Management. Tiger founder Julian Robertson said he would be “an outstanding leader for our industry.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…