Mr. Baker goes (back to) Washington
Jan 12th, 2009 | Filed under: Today's Post
Like many countries, the United States has a rule that precludes elected officials from lobbying their former colleagues within a year of leaving office. As Investment News pointed out today, that year long vow of silence is about to end for one particularly influential former Congressman. Richard Baker is the head of the Managed Funds Association (MFA), the US-based lobbying body for many in the hedge fund industry. Baker provided Investment News with a sneak peek at what he’s going to say to his former Congressional colleagues after February 2, the first anniversary resigning his Congressional seat. (Baker was recruited by the MFA on February 2, 2008.)
At the time of his resignation, Baker told the Times-Picayune that “I have put my life into developing considerable knowledge in this area.”
And he’s clearly pining for a fight – telling Investment News that “This is no longer an organization that is ignored.”
Sure, we’re all getting tired of 2009 prognostications for the hedge fund industry. But Baker’s interview with Investment News if particularly interesting given the lobbying role he is about to fill. Here’s a quick overview of what he had to say:
To continue reading this article please login (at the right) or click here to learn more about accessing our archives.
Related Posts
- Congress votes against bailout plan – but CFAs not actually huge fans either
- HF trade groups, regulators call truce: peace breaking out on several fronts
- Who’s more interested in “secrecy” – hedge fund managers, governments, or corporations?
- El-Erian’s Good Old College Try
- The Myth of Hedge Fund Under-Regulation
