Ryan aide to join hedge fund lobbying group

House Speaker Paul RyanPaul Davis RyanDebate with Donald Trump? Just say no Ex-Trump adviser says GOP needs a better health-care message for 2020 Liz Cheney faces a big decision on her future MORE’s general counsel, Mark Epley, has been named executive vice president and general counsel of Managed Funds Association, which represents the global hedge fund industry.

Epley will be the MFA’s chief legal officer and oversee regulatory and legal matters involving its policy initiatives, the association announced. He will start his new position on Feb. 19. 

Epley becomes the latest Ryan senior staffer to announce their departure before the end of this Congress. Ryan is due to retire at the end of his term.

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Ryan’s spokesman Doug Andres announced on Nov. 30 that he would step down but has not revealed his next step.

Epley's hire comes at a time when hedge funds are raising record amounts of money to launch and maintain loyal investors. Yahoo! Finance reported funds lost an average of 2 percent in November, citing an estimate from research firm HFR 

He worked in the speaker’s office since Dec. 2015, having joined from the Ways & Means Committee where he was general counsel. 

Epley previously was staff director on the Financial Services Subcommittee on Oversight where he examined the implementation of the Dodd-Frank Act. He also had stints at the Defense and Justice departments.  

“Mark has earned a distinguished reputation as a skilled lawyer and advisor with a deep understanding of Washington and matters important to our members. His expertise will help advance our efforts to keep in place policies that work well, fine tune those that do not, and ensure new initiatives recognize the unique nature of investment firms,” the association’s president and CEO former Rep. Richard H. Baker said.

Baker, a Louisiana Republican, served in the House from 1987 to 2008. He retired to take his lobbying post at MFA in 2008.

Epley replaces Stuart Kaswell who was MFA’s general counsel for 10 years.