MFA hires new lobbyist

MANAGED FUNDS ASSOCIATION HIRES ROGER M. HOLLINGSWORTH AS EXECUTIVE VICE PRESIDENT AND
MANAGING DIRECTOR, GOVERNMENT RELATIONS

WASHINGTON, D.C., August 26, 2008 — Managed Funds Association (MFA), the
leading trade association of the hedge fund industry, announced today that Roger Hollingsworth has been named executive vice president and managing director, government relations, effective September 8, 2008. He will be responsible for the implementation of the Association’s political and government relations outreach before the Executive Branch, Congress and relevantregulatory agencies. Mr. Hollingsworth joins MFA from the United States Senate Banking Housing and Urban Affairs Committee, where he served as deputy staff director and senior policy advisor to Committee Chairman Christopher J. Dodd (D-CT).

Richard H. Baker, MFA President and CEO, said, “We are extremely pleased to have
Roger join MFA in this important capacity. His exceptional credentials and proven skills are ideal for our Association, and we are confident that his expertise will help us facilitate an important expansion of MFA’s agenda as we deepen our policy engagement in Washington.”

Mr. Hollingsworth will work directly with Mr. Baker to develop and coordinate MFA’s
legislative and regulatory priorities and initiatives.

As deputy staff director of the Senate Banking Committee, Mr. Hollingsworth coordinated
strategy for moving the Committee’s financial services legislative agenda through the 110th
Congress, including measures recently enacted in response to the ongoing crisis in global
mortgage, credit and capital markets. Before joining Chairman Dodd’s staff in January 2007, he served as vice president and director, federal government affairs for Securities Industry
Association (formerly SIA, now SIFMA). In that position, Mr. Hollingsworth was a senior lobbyist responsible for member relations and advocacy of SIA’s legislative and regulatory priorities. Mr. Hollingsworth has previously served as deputy chief of staff and legislative director for Senator Jon S. Corzine, (D-NJ) and as banking committee aide to Senator Charles E. Schumer (D-NY).

Mr. Hollingsworth received his B.A. in communications and finance from University at
Albany, State University of New York.

About Managed Funds Association

MFA is the voice of the global alternative investment industry. Its members are
professionals in hedge funds, funds of funds and managed futures funds, as well as industry
service providers. Established in 1991, MFA is the primary source of information for policy
makers and the media and the leading advocate for sound business practices and industry
growth. MFA members include the vast majority of the largest hedge fund groups in the world
who manage a substantial portion of the approximately $2 trillion invested in absolute return strategies. MFA is headquartered in Washington, D.C., with an office in New York. For more information, please visit: www.managedfunds.org.

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