MFA Forms Alliance with CT Hedge Fund Association

The Managed Funds Association has formed an alliance with the Connecticut Hedge Fund Association whereby the MFA hopes to further unify and strengthen the hedge fund industry.

“We are pleased to begin an alliance with the Connecticut Hedge Fund Association,” said Richard H. Baker, president and CEO of the MFA. “With a large number of major hedge fund advisors 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.”

Bruce McGuire, president of the CTHFA, noted that with many “substantive issues impacting the markets and our investors,” now is an opportune time for the two groups to join forces and create a more “unified industry voice.”

As part of the alliance, Brooke Harlow, EVP of the MFA, will take a seat on the CTFHA’s board of directors.

This announcement follows the news last year that the MFA is forming partnerships with regional hedge fund associations, with the first group to announce an alliance with the MFA the Mid Atlantic Hedge Fund Association in October 2009.