The Managed Funds Association has formed an alliance with the Connecticut Hedge Fund Association as part of its efforts to unite with regional hedge fund associations.
“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,” MFA president and chief executive Richard Baker said in a statement.
Connecticut is home to the second-largest concentration of hedge fund firms in the United States, as well as large endowment funds, such as the Yale University Endowment, Bruce McGuire, president of the Connecticut Hedge Fund Association said in the statement.
“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,” he said.
As part of the arrangement, Brooke Harlow, executive vice president of the Managed Funds Association, based in Washington, will join the board of directors of the Connecticut Hedge Fund Association, based in West Hartford, Conn.
MFA previously announced that it is seeking to form alliances with regional hedge fund associations, and in October, 2009, the group affiliated with the Mid-Atlantic Hedge Fund Association.
Sara Hansard is the Washington bureau chief at InvestmentNews, a sister publication of Pensions & Investments