The Managed Funds Association (MFA), the trade association for the global hedge fund industry, has named Bryan N Corbett as its new President and CEO. Corbett succeeds Richard H Baker, who has served in the position since 2008. Corbett begins his new role on 21 January, 2020 and will be based in Washington DC.
Corbett comes to MFA from The Carlyle Group, a global investment firm, where he was a Partner and Managing Director. Corbett led Carlyle’s efforts to create value for portfolio companies by deploying the firm’s network of global resources and relationships. For the first five years of his Carlyle tenure, Corbett managed US government and regulatory issues affecting Carlyle, its investments and the industry.
Prior to Carlyle, Corbett served in the George W Bush Administration as a Special Assistant to the President for Economic Policy and as the Senior Advisor to Deputy Secretary Robert Kimmitt at the Treasury Department; before that he served as Majority Counsel on the Senate Banking Committee under Chairman Richard Shelby.
“Bryan’s combination of extensive commercial experience and deep policy expertise will strengthen MFA’s ability to meet the evolving needs of our growing and diverse membership for years to come. He is a natural and able successor to Richard Baker, who has served our industry well this past decade,” says Jon Hitchon, Managing Director and Chief Operating Officer, Two Sigma Investments, LP and Chair of MFA’s Board of Directors.
Natalie Birrell, Partner and Chief Operating Officer, Anchorage Capital Group, and Vice Chair of MFA’s Board of Directors, says: “MFA members are facing consequential changes due to technological innovation, an evolving regulatory framework, and shifting investor focus. Bryan will play a critical role in advocating for our industry.”
Bryan Corbett says: “Hedge funds are a critical component of the global financial services industry, creating value for investors, including charitable endowments, educational institutions, hospitals, and pension funds. These investors understand our ability to help manage risks and deliver returns over time. I am proud to join and lead the MFA, the respected and authoritative voice of the industry. I am also honoured to succeed Richard Baker.”
Corbett takes over MFA at a time when hedge fund industry global assets under management are near an all-time high at nearly USD3.5 trillion. The industry serves hundreds of public and private pension funds, charitable endowments, foundations, sovereign governments and other global institutional investors by providing portfolio diversification and risk-adjusted returns to help meet their funding obligations and return targets.
The MFA is proud to serve its members by advocating for managers in these important discussions that shape our industry.
