Managed Funds Association (MFA) recognizes that its initiatives with the government, the press, and the public are irrelevant if MFA’s Members do not operate according to high ethical standards and reputable business practices. Therefore, MFA regularly educates its Members about the best practices for any hedge fund manager who wishes to enter the marketplace. MFA’s Sound Practices for Hedge Fund Managers is the most recognized and well-respected resource for hedge fund managers seeking to foster a culture of compliance. MFA hosts conferences, seminars, and other educational events to help train hedge fund managers and industry counterparts, such as lawyers and accountants, in order to lay the foundation for consistent market practices across the broad spectrum of hedge fund strategies. MFA’s active involvement enables its Members to help pave the path for the industry. Additionally, MFA communicates to its Members about legislation and regulation impacting all aspects of the industry.