Opalesque Industry Update – The Hedge Fund Association (the HFA) today announced that it will be opening its newest chapter in the Cayman Islands in response to intense demand by Cayman-based hedge fund industry participants. This newest step in the HFA’s international expansion comes on the heels of its successful launch of a chapter in the European Union. Peter M.O. Young, President of Advanced Fund Administration, has been named as President of the Cayman Chapter of the HFA for 2011.
“We are extremely pleased to establish a presence for the Hedge Fund Association in one of the most important hubs for offshore hedge funds,” stated David Friedland President of the Hedge Fund Association and President of Magnum U.S. Investments, Inc. “This long overdue expansion will allow us to better advocate and represent a much broader cross section of the alternative investment community when we speak up for the industry in Washington, in the media and beyond.”
