Hedge fund trade group the Managed Funds Association has unanimously reelected Eric Vincent, president of Ospraie Management, as board chairman for a one-year term amid a difficult environment and after one of the worst months on record for hedge fund performance.

In addition, MFA's membership elected seven new directors to two-year terms: Putnam Coes, chief operating officer for Paulson & Co.; Samuel Cole, chief executive for BlueMountain Capital Management; Mark Horowitz, chief executive and general counsel for Glenview Capital Management; Scott M. Lawin, managing director for Fortress Investment Group; Jeffrey L. Lomasky, chief financial officer for Cerberus Capital Management.; John MacFarlane, chief executive for Tudor Investment; and Joanne Pace, chief executive for Morgan Stanley Investment Management.