Canadian Hedge Fund Association Chapter Formed - 03/05/02
TORONTO -- March 5, 2002 -- The Hedge Fund Association (HFA), an international organization aimed at widening acceptance and awareness of hedge funds, has launched its Canadian Chapter. The new chapter will give hedge fund investors, managers and service providers in Canada a forum to educate and help standardize the industry in Canada.
The founding president of the Canadian Chapter will be Sergio Simone, principal of RJS Private Wealth Management in Toronto, and a director of the HFA. The Canadian Chapter will have its own five-member advisory board that develops agendas for the HFA to pursue particular to the chapter?s needs.
Hedge funds attracted $86 billion in new money in 2001, well more than the $30 billion they brought in during calendar 2000. Although hedge funds are a new concept in Canada, they are growing at an unprecedented scale, according to Simone.
?More and more investors now meet minimum income requirements and view hedge funds as a viable way to preserve and grow capital in difficult markets,? he said.
In addition to helping expand the total universe of people who can invest in hedge funds and thus broaden the base of hedge fund business, the association benefits members in other ways. These benefits include:
Â· meaningful HFA discounts resulting in ?no-cost? membership;
Â· free links from the very active HFA Web site (www.thehfa.org) to member sites;
Â· free banner ad on the HFA site if a reciprocal banner and link is placed on your site;
Â· access to a wealth of information, including future database and library;
Â· member press releases posted on our site;
Â· prestige associated with the use of the HFA logo on your letterhead and literature;
Â· global economic commentary from Global Investment Research, a leading research company;
Â· great networking opportunities; and
Â· the opportunity to contribute to the hedge fund industry and participate in HFA decision-making.
People interested in joining the Canadian Chapter of the Hedge Fund Association can fill in the form on the HFA website at www.thehfa.org or call (905) 856-5999 or email firstname.lastname@example.org. Special discounts are available for Canadian hedge fund managers, so please be sure to request them.