Hedge fund org seeks new president
The Managed Funds Association, a lobby group for the hedge fund industry, has announced that it is considering Louisiana Congressman Richard Baker for president...
The Managed Funds Association, a lobby group for the hedge fund industry, has announced that it is considering Louisiana Congressman Richard Baker for president of the organization. Having a former congressman in the top spot (Baker would have to resign his Congressional post) would lend a higher profile to an organization, and an industry, that has operated under the radar.
The article says that this would increase the Association's efforts in Washington given the calls for legislation that would levy higher taxes on hedge fund organizations. But would that also mean greater communications to the population at large? People outside of Washington have taken a greater interest in the economy in light of the troubled housing market and threat of recession.
The hedge fund industry, in its effort to convince those in Washington that legislation is unnecessary, may also be well-served to let constituents know that as well. For more information about the Managed Funds Association, click here for their Web site.
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