Business

Barry Lind, businessman was pioneer in futures industry

RANCHO MIRAGE, Calif. — Barry Lind, a leading voice in the futures industry for many years and a fixture at the Chicago Mercantile Exchange, died Thursday after being hit by a car in Southern California, according to coroner’s officials.

Mr. Lind, 74, was crossing a road in Rancho Mirage when he was struck Wednesday evening, the Riverside County sheriff-coroner’s office said.

Mr. Lind served five terms on the Chicago Mercantile Exchange’s board of directors. He played a key role in creating the International Monetary Market and directed the National Futures Association for 12 years.

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Mr. Lind was a co-founder of Lind-Waldock & Co., among the first firms to market futures to retail investors, according to the Chicago Sun-Times. That firm was sold in 2000, having expanded from two full-time employees to a firm of more than 1,000 workers.

Most recently, he was a managing partner of an investment firm, Silver Young Capital LLC, which he ran with cousin Alan Young.

‘‘He was a mentor, really like a soulmate and brother,’’ Young told the Sun-Times.

Mr. Lind was also the founder and chairman of the Rose Lind Charitable Trust, a philanthropy involved in medical research and access to health care for the underprivileged.

The Northwestern University graduate was inducted into the Futures Hall of Fame in 2006.

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