The Managed Funds Association (MFA) – the voice of the hedge fund industry in the United States – has hired Scott Parsons, Chief of Staff/Chief Operating Officer at the Commodity Futures Trading Commission (CFTC) as Executive Vice President, Strategic and Government Affairs. It is a new position, effective 31 August 2004.
John G. Gaine, MFA President, says Parsons will help spearhead MFA’s government affairs efforts. “We are fortunate to have Scott join the Association to help spearhead our many strategic initiatives and support our vital government affairs program on behalf of the alternative investment industry,” he says.
Parsons’s responsibilities will include development of strategic initiatives related to MFA policy and influence, membership, education and the growth of the Association. Parsons, under the supervision of Gaine, will play an active role in lobbying on legislative and regulatory affairs and represent the Association before policymakers.
“MFA is delighted to welcome Scott to this important new role,” adds MFA Chairman Adam C. Cooper. “MFA is at the forefront of many critical industry issues and our ability to attract experienced individuals like Scott will help us fulfill our mission more effectively.”
MFA, headquartered in Washington, DC, is the primary trade association representing hedge funds, funds of funds and managed futures funds. MFA’s 800 members manage a significant portion of the estimated $800 billion invested in these strategies.
Since its inception in 1991, MFA has provided government relations, communications, media relations, and education to MFA members and investors. Its 2003 Sound Practices for Hedge Fund Managers contains recommendations that are intended to promote sound business practices in the hedge fund industry.