Where does your hedge fund grow? Texas, Utah, Australia

The New York-based Hedge Fund Association said Tuesday it has three new chapters as the industry’s expansion across the nation and globe continues in this maturing sector of finance.

HFA, in a press release, said it has appointed regional directors to head its newly established chapters in Australia, Texas and Utah. These are all territories in which the HFA has not previously been represented.

For decades, Fairfield County, New York City, Chicago and London have been the centers for the industry, but as it has matured, new centers are popping up, including around the Houston area, where managers can be close to the energy sector.

Rob Varnon