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MFA ANNOUNCES NEW STRATEGIC PARTNERS MEMBERSHIP CLASS

Managed Funds Association (MFA) today announced the formation of a new premier class of membership for service providers. The new MFA Strategic Partners membership class provides an opportunity for service providers to play an important role in furthering MFA’s mission of advocating industry growth.
“We are pleased to announce this important new initiative to partner with significant service providers with a common goal,” said Richard H. Baker, MFA President and CEO. “The Strategic Partners will join MFA in a collaborative effort to ensure that all participants in the alternative investment industry, fund managers and their counterparties, work together to maintain a robust and healthy industry committed to market discipline.”

The inaugural group of Strategic Partners include: CME Group, Citco Fund Services (USA) Inc.; Credit Suisse; The Depository Trust & Clearing Corporation (DTCC); Ernst & Young, LLP; Goldman, Sachs & Co.; Lehman Brothers; PricewaterhouseCoopers LLP and UBS AG.

Collectively, MFA Strategic Partners will form a new MFA Strategic Partners’ Council (SPC) in order to discuss current issues, propose policy and initiatives and communicate with MFA’s leadership. SPC will meet with MFA’s Board of Directors and will also interface with MFA’s Founders’ Council and HFAC Steering Committee, two of the most significant groups of single-manager hedge fund complexes. These meetings will enable all parties to engage in a dialogue to foster an environment of industry-wide sound practices.