l Barry Greenberg, Executive Director Texas Hedge
Fund Association, Partner, Akin Gump
The fourth quarter of 2006 included an $85 million after-tax charge on the net settlement of hedges from resetting certain legacy Texas hedges
to market (Hedge Reset).
Continuing its drive to educate investors about hedge fund investing, the Texas Hedge Fund Association (THFA) (www.
The Texas Hedge Fund Association (THFA) is a well-supported, motivated, and active not-for-profit trade association for the Texas and Southwest hedge fund community whose members include hedge fund managers, high net worth individuals, academics, pension fund investors, family offices, foundations, other institutional investors and vendors (including industry legal, accounting and prime broker representatives).
To commemorate its launch and to welcome members to the organization, the Texas Hedge Fund Association (THFA)(www.
Some of the most prominent and influential participants in the Texas hedge fund industry and investor community were present.
The Dallas occasion presented an opportunity to meet the most senior participants within the investment and hedge fund community of Texas in an informal environment and learn more about the educational, networking and representative benefits of membership in the Texas Hedge Fund Association.
This was largely due to the $85 million after-tax charge on the net settlement of hedges and resetting certain legacy Texas hedges
to market (Hedge Reset) and $22 million in after-tax MtM losses in the fourth quarter 2006 compared to $53 million in after-tax MtM gains in the fourth quarter of 2005.