Posted on 01/16/2008 3:50:40 AM PST by BGHater
The main lobbying group in Washington for the $2 trillion hedge fund industry named a Louisiana congressman as its new president and chief executive on Tuesday.
Rep. Richard Baker, a Republican, will have to resign from Congress, where he has served for almost 22 years, to take the job as head of the Managed Funds Association.
Baker said in a statement that he has "come to appreciate greatly the vital role played by the alternative investment industry in our economy."
Association Chairman Eric Vincent said, "We are extremely pleased that Congressman Baker has agreed to lead Managed Funds Association."
Baker will succeed Jack Gaine, who will move into "a special adviser role and undertake the expansion of MFA's global outreach with regulators, policy makers and market participants worldwide," the association said.
Hedgefunds...
These are the guys getting uber rich off manipulating oil prices, correct???
if so.. I bet this new gig pays well, very smart career move!
No one is manipulating oil prices.
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