Deals
Carlyle Partner Tapped by Hedge Fund Industry to Run Lobby Group
- Corbett worked at White House, Treasury under George W. Bush
- Move comes as financial firms brace for political turbulence
Birds fly near the U.S. Capitol in Washington, D.C.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
The hedge fund industry’s main trade association has hired a Carlyle Group Inc. partner to be its new president, as the investment firms look to bolster their lobbying presence ahead of what promises to be a turbulent political year.
Bryan Corbett will join the Managed Funds Association on Jan. 21, the Washington-based group said on Wednesday. A Republican who worked at the White House and Treasury Department during the George W. Bush administration, Corbett handled legislative affairs at Carlyle for five years before being promoted to a job involving the private-equity firm’s investments.