On September 25, Managed Funds Association (MFA), the leading trade association for the global alternative investment industry, today announced its 2019-2020 Board of Directors. The new Board represents a diversity of hedge fund firms, strategies, and locations, as well as institutional investors and other stakeholders. It will provide governance oversight to MFA and guide the Association’s advocacy, education and communication efforts.
MFA’s Board unanimously elected Jonathan Hitchon, Managing Director, Chief Operating Officer, Two Sigma Investments, LP as Chair and Natalie Birrell, Partner & COO, Anchorage Capital Group, L.L.C. as Vice Chair. The board reelected Joe Wiggins, Partner and U.S. Leader of PricewaterhouseCoopers Assurance Alternatives Practice, PricewaterhouseCoopers LLP, as Secretary and Treasurer.
“At this critical moment in the global economy, MFA member firms are helping investors manage risk, diversify portfolios and deliver risk-adjusted returns over time,” said Mr. Hitchon. “But there is more work to do, which is why MFA’s efforts to promote efficient, fair and transparent markets, educate stakeholders, and communicate the industry’s value are so important. I look forward to working alongside my peers and the talented team at MFA to address today’s challenges, while building an industry that will continue to serve pension funds, endowments and other investors well into the future.”
According to Preqin, institutional investors represent nearly 60 percent of the industry’s $3.6 billion capital under management.
“With a larger, more diverse membership, twice as many employees and annual revenue of $20 million – a three-fold increase since 2007– MFA is well-positioned to meet the needs of the global hedge fund industry,” added MFA President and CEO Richard H. Baker, who in March announced his retirement at the end of 2019. “I am grateful to all of our members, in particular the six chairs of the board with whom I have served these last twelve years. Together, with a talented team, MFA has become a global powerhouse that effectively advances the interests of our member firms and their investors.”