Hedge fund trade group the Managed Funds Association has unanimously reelected Eric Vincent, president of Ospraie Management, as board chairman for a one-year term amid a difficult environment and after one of the worst months on record for hedge fund performance.

In addition, MFA's membership elected seven new directors to two-year terms: Putnam Coes, chief operating officer for Paulson & Co.;  Samuel Cole, chief executive for BlueMountain Capital Management;  Mark Horowitz, chief executive and general counsel for Glenview Capital Management; Scott M. Lawin, managing director for Fortress Investment Group; Jeffrey L. Lomasky, chief financial officer for Cerberus Capital Management.; John MacFarlane, chief executive for Tudor Investment; and Joanne Pace, chief executive for Morgan Stanley Investment Management.

Hedge fund group appoints board chairman and directors

Yaël Bizouati in New York

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BlackRock’s plan to democratise private credit could backfire

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Why Evercore’s £146m Robey Warshaw deal could end up being a bargain

Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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Some fear a decline in the world-leading economic statistics underpinning U.S. markets.

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