Wednesday, 23 July 2014
Last updated 1 hour ago
Apr 4 2012 | 11:18am ET
The Connecticut Hedge Fund Association is going global. The group, which once restricted membership to firms with a significant presence in the state of Connecticut, is opening its doors to members of the hedge fund community worldwide.
The Fairfield County-based association, founded in 2006, has not only revamped its web site, it has “changed its membership paradigm,” according to founder and President Bruce McGuire.
“We are cognizant of the fact that Connecticut has the third-largest concentration of hedge funds in the world,” McGuire told FINalternatives, “and we’re also cognizant of the fact that this is a global industry and we think it’s important to have cross-border exchanges of information and so we’re opening up our membership to any hedge fund professional anywhere in the world…If you…have an interest in staying informed as to what is happening in this major center of the hedge fund industry, then we are allowing you to join us as an individual member.”
Potential members may be hedge fund managers, investors, service providers or academics with an interest in the sector. Associate members may join for free; full members pay $100 a year. Full members, says Chris Edgar, newly annointed CTHFA vice president, get a cut on the price of admission to CTHFA events—like the one scheduled for Thursday, April 26, at the Indian Harbor Yacht Club in Greenwich, CT.
“Currency Wars 2012,” a discussion with James G. Rickards, author of “Currency Wars: The Making of the Next Global Crisis,” will be hosted by Caxton Associates founder Roy Lennox (both men, Edgar notes, are Connecticut residents). Admission for associate members is $75 while the price for full members is $25. Rickards’ book, described as “one of the scariest books I’ve read this year,” by a Bloomberg News reviewer, looks at nations’ manipulations of currencies and the links between national security and international financial markets.
“We like to put on thought-provoking symposiums that we think have broad implications,” says McGuire, rather than focusing on hedge fund-specific issues like regulation or capital raising.
McGuire says the Connecticut association, which currently has about 9,000 members, is also in talks with the London-based Alternative Investment Management Association about potential future cooperation.
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…