Shaw and Summers

The Managed Funds Association, the trade association for hedge funds that is pushing to ward off more regulation from Washington, "is expected to elect Darcy Bradbury, a former assistant Treasury secretary and the chief lobbyist of a big fund, to lead its effort. Ms. Bradbury, a senior vice president for the D. E. Shaw group, will succeed Eric Vincent, who is credited with turning the once-sleepy organization into a powerful lobbying group," reports the New York Times. If hedge funds are trying to flex muscle in Washington, who better to lead the way than someone from D.E. Shaw, the firm where President Obama's chief of the National Economic Council, Lawrence Summers, earned $5.2 million a year for a one-day-a-week job? The Times article doesn't mention the connection.