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Managed Funds Association names new board of directors

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The Managed Funds Association, the global alternative investment industry trade group, has elected and appointed eight new members to its board of directors.

The new members are Eric Epstein, president, managing member, Davidson Kempner Capital Management; Gil Raviv, global general counsel, Millennium Management; David Zirin, chief operating officer at Pentwater Capital Management; and Peter Cherecwich, executive vice president, Northern Trust – along with Natalie Horton, global head of capital markets financing and Americas head, global markets financing at UBS; Steve Meyer, executive vice president, head of global wealth management services at SEI; Cedric Pauwels, North American head of equities and securities services, Citi, and Kelly Rau, audit partner, KPMG.

In addition, Richard Portogallo, a former Morgan Stanley executive who helped build the bank’s prime brokerage business and served as its global head of institutional equities, clients and services, has been appointed as a new special advisor.

MFA president and CEO Bryan Corbett (pictured) said the new directors were selected from “a remarkable pool of industry leaders”, and hailed the work of the group’s outgoing directors during a “critical time for the alternative investment industry.”

“We are charting a new course for MFA, and I thank the board for their active engagement as we implement a new strategic plan that seeks to elevate our advocacy, strengthen our membership, and enhance the value we provide our member firms,” Corbett said.

The MFA, which has offices in Washington, London, Brussels and Asia, has more than 140 member firms collectively managing nearly USD1.6 trillion across a diverse group of investment strategies.

The group, established in 1991, represents a broad spread of the alternative asset management and hedge fund industry, and advocates for efficient, transparent, and fair capital markets, competitive tax and regulatory structures, and industry best practices.

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