Jack Gaine assumed the role of President Emeritus at the Managed Funds Association in February 2008 following a 10-year tenure as President. While at MFA, early on he recognized that the field of alternative investments had explosive growth potential well beyond managed futures products which were then the focus of MFA’s activities. In the wake of the Long-Term Capital Management episode, he recognized that MFA would have to broaden its scope to encompass regulatory and legislative issues affecting hedge funds as well as those of commodity pool operators and commodity trading advisors. He was instrumental in making MFA not only the key advocate for CPOs and CTAs but the global voice of the hedge fund industry, a position it enjoys today.
Under his leadership, MFA addressed the enormous challenges of increased legislative and regulatory threats, allowing MFA to assume its significant representative role for all market participants in this international industry. Prior to MFA, he worked in private practice specializing in commodities and related areas, and, from 1977 to 1981, he served as General Counsel of the Commodity Futures Trading Commission.