The board of the hedge fund industry group Managed Funds Association has unanimously re-elected Eric Vincent, president of Ospraie Management, to a second one-year term as chairman, while the association's membership has voted representatives of BlueMountain, Cerberus, Fortress, Glenview, Morgan Stanley, Paulson and Tudor onto the board.

The seven new directors, who will serve a two-year term, are Putnam Coes, chief operating officer of Paulson & Co, Samuel Cole, chief operating officer of BlueMountain Capital Management, Mark Horowitz, chief operating officer and general counsel of Glenview Capital Management, Scott M. Lawin, managing director of Fortress Investment Group, Jeffrey L. Lomasky, chief financial officer of Cerberus Capital Management, John G. MacFarlane III, chief operating officer of Tudor Investment, and Joanne Pace, chief operating officer of Morgan Stanley Investment Management.

'MFA's new directors are poised to tackle a broad range of issues and opportunities for the industry and its investors,' Vincent says. 'The recent crisis of confidence in financial markets calls for increased interaction among industry participants and policy makers. The MFA board is committed to continuing its mission, as the voice of the industry, to foster sound business practices and to ensure investor protection while promoting industry growth.'

The association's 17 elected directors also include Trey Beck, managing director of D.E. Shaw & Co, Arthur F. Bell of the eponymous accountancy firm, Michel Brogard, managing partner of Amber Capital Investment Management, Norman Champ III, general counsel of Chilton Investment, Peter Nussbaum, general counsel of S.A.C. Capital Advisors, Jim O'Brien, chief operating officer of Cantillon Capital Management, Sean Simon, co-president of Ivy Asset Management, and Sarah Street, executive vice-president and chief investment officer of XL Capital. Incumbent director Tracy Wills-Zapata was re-elected to a second two-year term.

Alongside Vincent, the board has elected Coes as MFA vice-chairman, Bell as treasurer and Wills-Zapata as secretary. The association's new executive committee also includes Beck, Cole, Lawin and Nussbaum.

The board also includes six appointed directors, including members CME Group chief executive Craig S. Donohue, Citco Fund Services director William Keunen, former CFTC commissioner Frederick W. Hatfield and Davis Polk & Wardwell partner Annette Nazareth. The incumbent appointed directors are Goldman Sachs managing director Dean Backer and PricewaterhouseCoopers partner Mark Casella.

Seven outgoing elected directors who have completed two consecutive two-year terms are Jolyne Caruso, chief executive of Alberleen Capital Management, Robert J. Caruso, president of Select Equity Group, Philip N. Duff, chairman and chief executive officer of Duff Capital Advisors, Patrick T. Egan, executive director of Morgan Stanley Managed Futures, George Hall, chief executive of Clinton Group, Kevin F. Shannon, executive vice-president of Moore Capital Management, and John R. Torell IV, chief financial officer of Tudor Investment Corporation.

The Managed Funds Association, whose members include hedge fund, fund of funds and managed futures fund management professionals, was established in 1991 as a source of information for policymakers and the media as well as an advocate for sound business practices and industry growth. Its headquarters are in Washington, DC, with an office in New York.


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