MFA To Issue Anti-Fraud Guidance To Hedge Funds

Investors Offshore, London

31 May 2002

The Managed Funds Association plans to provide its members with an anti-fraud manual, which would help managers set up fraud-proof funds, according to Jack Gaines, chairman of the association. Mr. Gaines' statement follows the SEC's decision to launch a formal fact-finding investigation into hedge fund fraud.

Managed Funds Association is a US-based association representing professionals in the global alternative investment industry. With over 600 members worldwide, MFA represents professionals in futures, hedge funds and other alternative investments, as well as brokers, exchanges, and all the other services which support the alternative investment industry. MFA promotes the growth of the alternative investment industry through a beneficial regulatory environment, improved public relations, and increased member and investor knowledge.

MFA will be holding its major annual conference Forum 2001 from July 10-12, 2001 at the Plaza Hotel in New York City. Forum 2001: Power, Performance & Perception is expected to attract an audience of roughly 600 delegates, including investment managers, investment bankers, securities and futures brokers, regulators
and attorneys.

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