Hedge Fund Reader : Connecticut Hedge Fund Association launched at Greenwich

Comments

September 02, 2005

Connecticut Hedge Fund Association launched at Greenwich

Connecticut Hedge Fund Association was recently launched with a cocktail party at the Indian Harbor Yacht Club in Greenwich. Connecticut is soon becoming the heart of hedge fund industry with over 100 hedge funds operating out of Greenwich alone. The county is a preferred home for numerous known celebrities and high net worth individuals and with somewhat relaxed tax structures has attracted a lot of hedge funds from all across to open or completely shift offices to this rich pool. Hence the need for an association which brings together the fund managers led to the foundation of the association. The fund managers are quite happy about the development and admitted that a need for such a platform was never greater than now.

The Association provides a conducive environment for constant networking amongst likeminded fund managers. Apart from this, the association will provide a forum to managers to address common issues and collectively work towards resolving them. This, especially in the wake of norms being created by the SEC which are likely to get stronger with the passage of time if there is no harmony between fund managers. Other chapters of the Association are likely to come up in due course. Hedgeco.net reports:

“One of the attendees of the ceremony, Brett Dougherty who manages a hedge fund in Norwalk told news correspondents, “We are in a business where we are not allowed to advertise.”

--
Did you enjoy this post?

September 2, 2005 in Strategy | Permalink