The Connecticut Hedge Fund Association has agreed to lend its size and prestige to boost the industry’s lobbying clout and visibility through an alliance with a national hedge fund group.
With 150 firms with operations in the state among its members, the Connecticut Hedge Fund Association (CTHFA) is home to the second largest concentration of those firms, said CTHFA President Bruce McGuire.
Twenty-nine of the Connecticut firms managed assets exceeding $150 billion, according to Fairfield County-based CTHFA.
The new relationship allows the Managed Fund Association (MFA) in Washington, D.C. to broaden its educational efforts and continue unifying the industry voice in a region with a high concentration of hedge funds, said Richard H. Baker, MFA president and CEO.
“With a large number of major hedge fund advisers headquartered in Connecticut,” Baker said, “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.”
As part of the alignment, Brooke Harlow, MFA’s executive vice president, will join the CTHFA board of directors.
Last October, MFA formed its first regional alliance with the Mid Atlantic Hedge Fund Association.
