HedgeCo.net – WASHINGTON, D.C., November 8, 2006 — On behalf of Managed Funds Association (MFA), John G. Gaine, president, welcomed four new directors to its Board of Directors at its first meeting of the new term, November 1, in New York. The Board then nominated and unanimously re-elected Chairman, Robert M. Aaron, chief executive officer, DPM Mellon. MFA is the global voice for the hedge fund industry representing over 1,000 members.
The four new directors, elected by MFA’s membership for a two-year term, are Jolyne Caruso, global head of Absolute Return Strategies, Lehman Brothers; Robert J. Caruso, managing partner and chief operating officer, Highbridge Capital Management; George Hall, founder and chief executive officer, Clinton Group; and Tracy Wills-Zapata, managing director, Campbell & Company, Inc.
In addition, the following four incumbent directors were re-elected for a second two-year term: Philip N. Duff, chairman and chief executive officer, FrontPoint Partners LLC; Patrick T. Egan, executive director, Morgan Stanley Managed Futures; Kevin F. Shannon, chief financial officer, Moore Capital Management, LLC; and John R. Torell, IV, chief financial officer, Tudor Investment Corporation.
MFA’s Board also includes Scott Bernstein, general counsel, Caxton Associates LLC; Adam Cooper, SMD and general counsel, Citadel Investment Group; John M. Kelly, president and CEO, Man Investment Products; Michael C. Neus, general counsel, Perry Capital LLC; Sean Simon, managing director, Ivy Asset Management; Sarah E. Street, chief executive officer, XL Capital Investment Partners; and Eric Vincent, president, Ospraie Management LP.
The Board elected the following officers to serve with Chairman Aaron: Mr. Bernstein, re-elected for a second year as MFA Vice Chairman; Mr. Shannon as MFA Treasurer; and Mr. Neus as MFA Secretary. In addition, the following five directors will serve, with the officers, on MFA’s Executive Committee: Mr. Caruso, Mr. Duff, Mr. Hall, Mr. Vincent and Ms. Wills-Zapata.
“MFA’s mission is to preserve an environment that fosters ingenuity and opportunity for managers and their investors,†said Mr. Aaron. “Our new Board of Directors represents a cross-section of some of the best talent in the industry, and is dedicated to forming policy that will allow the industry to thrive.â€Â
MFA’s Board also has four Appointed Directors including Senator John Breaux, senior counsel, The Clinton Group and Patton Boggs, LLP; and three newly-appointed directors: Barry Barbash, partner, Willkie Farr & Gallagher LLP; Mark Casella, partner, PricewaterhouseCoopers; and Howard Leventhal, partner, Ernst & Young.
MFA thanked four outgoing directors who had each completed two consecutive two-year terms. They are: Robert Alderman, managing director, Alternative Investments, Merrill Lynch Global Private Client; Theresa D. Becks, chief financial officer, Campbell & Company, Inc.; Kent A. Clark, managing director and chief investment officer, Goldman Sachs Hedge Fund Strategies LLC; and Mark H. Mitchell, vice-chairman, John W. Henry & Company, Inc.
Two Appointed Directors have left the Board. They are Thomas Schneeweis, professor, CISDM, School of Management, University of Massachusetts at Amherst, and R. Charles Tschampion.
“MFA is grateful to our departing directors, all of whom made significant contributions to the Association and the industry through years of dedicated service during a time of significant growth and evolution,†said Mr. Gaine.
MFA, headquartered in Washington, DC, is the primary trade association representing professionals who specialize in alternative investment strategies including hedge funds, funds of funds and managed futures funds. MFA’s over 1,000 members are affiliated with the majority of the 50 largest hedge funds, which manage a significant portion of the over $1.2 trillion invested in hedge funds. Since its inception in 1991, MFA has provided industry leadership in government relations, communications, media relations, and education to MFA members and investors. MFA’s 2005 Sound Practices for Hedge Fund Managers contains recommendations that are intended to promote sound business practices in the hedge fund industry and, in doing so, enhance investor protection while contributing to market soundness.
For further information call: Kate Rice
Executive Vice President
Managed Funds Association
(202) 367-1140
