Hedge Fund Association Selects New Board of Directors - 11/28/01

The Hedge Fund Association, an international not-for-profit association of hedge fund managers, service providers, and investors, has announced its new board of directors.

Representing hedge fund managers on the board are Peter Kash of Paramount Capital, Mayra Woo of Forstmann-Leff, Gary Parsons of Dingo Capital, Ron Bauer of The Bauer Partnership and Howard Schachter of Schachter Capital Management.

Representing hedge fund investors on the board are Kevin Ferro of Commerzbank Securities, Dion Friedland of Magnum Global Investments, Steven Lonsdorf of Van Hedge Fund Advisors, Sergio Simone of RJS Private Wealth Management, and Andrew T. Malloy.

Representing hedge fund professionals and service providers are Michael Tannenbaum of Tannenbaum Helpern Syracuse & Hirschtritt LLP, Michael Lapat of Turn Key Hedge Funds Inc., Randall Steinmeyer of Milberg Weiss Bershad Hynes & Lerach, Carol R. Kaufman of Organizer Systems Inc, and David E. Wulffleff of Man Financial Inc.

The HFA?s mission is to unite the hedge fund industry and add to the increasing awareness of the opportunities in hedge funds. For more information on the association, including how to join the HFA, please contact Lara Block at lblock@hedgefundassn.org or visit www.thehfa.org
                              ***
The Hedge Fund Association is an international not-for-profit association of hedge fund managers, funds of hedge funds, service providers, and investors formed to unite the hedge fund industry and foster better awareness of hedge funds. Hedge funds refer to funds that can use one or more alternative investment strategies, including hedging against market downturns, investing in asset classes such as currencies or distressed securities, and utilizing return-enhancing tools such as leverage, derivatives, and arbitrage. There are approximately 5000 hedge funds worldwide today, a number that is growing with both the investing public?s interest in investments able to withstand bear markets and mutual fund managers? attraction to the higher fees and entrepreneurial independence. The vast majority of hedge funds make consistency of return, rather than magnitude, their primary goal. Still, hedge funds suffer from misperceptions about high risk and volatility fueled in large part by media focus on sharp moves made by global macro hedge funds. Accordingly, one of the missions of the HFA is to educate the investing public and legislators around the world on the true benefits as well as potential risks associated with investing in the different hedge fund strategies.
Other objectives include:setting industry standards for fund administrators and other service providers who collect, collate, and analyze information related to hedge funds; providing a forum for the exchange of ideas to improve the effectiveness of association members;lobbying successfully at government levels in different countries to ensure that a wider universe of investors have access to hedge funds; and directing public relations for the hedge fund industry.