The Managed Funds Association has formed an alliance with the Connecticut Hedge Fund Association, a regional hedge fund association representing 150 member firms with operations in Connecticut.

The new relationship allows MFA to broaden its educational efforts and continue unifying the industry voice in a region with a high concentration of hedge funds.

CTHFA will gain an understanding of industry positions and issues through its connection to MFA.

“We are pleased to begin an alliance with the Connecticut Hedge Fund Association,” says Richard H. Baker (pictured), MFA president and chief executive. “With a large number of major hedge fund advisers headquartered in Connecticut, we look forward to sharing ideas and collaborating on key initiatives, including restoring investor confidence and fostering high standards of professional conduct and client services.”

Bruce McGuire, CTHFA president, adds: “Connecticut is home to the second largest concentration of hedge fund firms in the US, as well as large endowment funds such as the Yale University Endowment. It is essential for the hedge fund industry to meet at both the regional and national levels to discuss and analyse the substantive issues that are impacting the markets and our investors. We are pleased to affiliate with MFA and look forward to aligning our initiatives and being a part of the unified industry voice.”

CTHFA has invited Brooke Harlow, executive vice president of MFA to join its board of directors.

MFA previously announced that it was seeking to form alliances with regional hedge fund associations, and the Mid Atlantic Hedge Fund Association was the first group to affiliate at the national level in October 2009.