Two alternative investment industry associations — Alternative Investment Management Association and Managed Funds Association — have formed a joint global steering group.
The goal of the partnership is to find “synergies that will benefit the combined membership and the alternative investment industry globally,” a news release said on Tuesday.
The steering group for the investment industry associations will coordinate policy development and communications.
The five members of the group from AIMA are Andrew Bastow, head of European structuring and regulatory affairs, AQR Capital Management; Stuart Fiertz, co-founder, president and director of research, Cheyne Capital Management (UK); Simon Lorne, vice chairman and chief legal officer, Millennium Management; Ryan Taylor, global head of compliance; Brevan Howard Asset Management; and Karl Wachter, general counsel, Magnetar Capital.
The MFA members of the group are Darcy Bradbury, managing director, D.E. Shaw Group; Adam Cooper, senior managing director and general counsel, Citadel; Duncan Ford, principal and chief operating officer, Marshall Wace; David Haley, president, HBK Capital Management; and Michael Harris, president, Campbell & Co.
“In an increasingly globalized industry, we recognize the benefits of working more closely together … presenting a single voice where appropriate and avoiding duplication of effort,” said Jack Inglis, AIMA’s CEO, and Richard Baker, MFA’s president and CEO, in a joint statement in the release.