A Congressman Considers a Hedge Fund Job

After 37 years as an elected official, U.S. Rep. Richard Baker said he is considering leaving congress to take the lead as President of the Managed Funds Association, the main lobbying group for the hedge fund industry.

In order to avoid any conflicts of interest, the Republican who was elected to his LA based congressional seat in 1986, may consider vacating his seat before the end of his term.

The congressman said he was not actively looking and that a search firm contacted him regarding the MFA position.

Read the entire story here.

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