HedgeCo.net – WASHINGTON, D.C., June 7, 2007 — Managed Funds Association (MFA) today announced that Carl Kennedy has joined the Association as legal counsel. Mr. Kennedy comes to MFA from Ballard Spahr Andrews & Ingersoll, LLP in Washington, DC, where he practiced in the firm’s Public Finance Department and Tax Group. Mr. Kennedy joins a 4-person legal team that is led by Stephanie Pries, vice president, senior legal counsel.

“MFA welcomes Carl to its dedicated team of legal experts,” said John G. Gaine, president. “We are confident that the proficiency he brings to MFA will provide significant intellectual talent to key issues as the Association advances its agenda to protect the interests of the global alternative investment industry on Capitol Hill and around the world.”

While at Ballard Spahr Andrews & Ingersoll, Carl practiced in the firm’s Public Finance Department and Tax Group, representing state and local government issuers, national investment banking firms and credit providers in connection with the issuance of tax-exempt bonds.  As part of his practice, he also gained experience working with derivatives and derivatives documentation.
Previously, Carl was a tax associate with Montgomery, McCracken, Walker & Rhoads, LLP in Philadelphia, Pennsylvania, where he worked on federal and state and local tax law issues.  Carl also worked at PricewaterhouseCoopers L.L.P. as a tax and legal consultant, advising multinational companies on corporate reorganization techniques to minimize their U.S. federal income tax liabilities.
Carl concurrently received his Juris Doctor from Temple University Beasley School of Law and his Master of Business Administration from Temple University Fox School of Business and Management.  He earned his undergraduate degree magna cum laude from Temple University in 1997.

MFA is the voice of the global alternative investment industry.  Its members include professionals in hedge funds, funds of funds and managed futures funds. Established in 1991, MFA is the primary source of information for policymakers and the media and the leading advocate for sound business practices and industry growth. MFA Members represent the vast majority of the largest hedge fund groups in the world who manage a substantial portion of the over $1.5 trillion invested in absolute return strategies. MFA is headquartered in Washington, D.C., with an office in New York.

.

For further information: Meg Bode

MFA Media Relations

516-869-6610