Washington, D.C. – MFA wrote that it is eager to work with the Trump Administration to advance policies that support U.S. economic growth and the well-being of all Americans in a congratulatory letter to President Donald Trump today.
“MFA stands ready to work with the President and his Administration to advance pro-growth policies that benefit all Americans. Alternative asset managers are important market participants who provide capital to businesses of all sizes, drive economic growth, and generate returns for their beneficiaries, including pensions, foundations, and endowments across America,” said Bryan Corbett, MFA President and CEO. “The Trump Administration can unlock the full potential of the U.S. economy by supporting robust capital markets, embracing alternative asset managers as drivers of economic growth, and implementing pro-growth tax policies.”
The letter offers the President MFA’s support in pursuing polices that:
Support robust capital markets: To ensure the U.S. capital markets remain the envy of the world, the Trump Administration can:
- Review harmful rules finalized over the last four years and cut unnecessary red tape
- Promote the expansion of private and public markets
- Change the adversarial relationship between policymakers and market participants and eliminate the practice of using enforcement in lieu of official rulemaking
Embrace alternative asset managers as drivers of economic growth: Alternative asset managers benefit investors, public and private companies, and capital markets in important ways. It is time policymakers embrace alternative assets as a driver of economic growth and abandon criticism of activity outside of the banking sector. The economy benefits from both capital markets-based finance and bank-based finance.
Implement pro-growth tax policies: Policymakers should preserve tax provisions that drive long-term investment and spur economic growth to ensure America remains the economic leader of the world.
Read the full letter here.
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About the global alternative asset management industry
The global alternative asset management industry, including hedge funds, credit funds, and crossover funds, has assets under management of $5.5 trillion (Q3 2023). The industry serves thousands of public and private pension funds, charitable endowments, foundations, sovereign governments, and other global institutional investors by providing portfolio diversification and risk-adjusted returns to help meet their funding obligations and return targets.
About MFA
Managed Funds Association (MFA), based in Washington, DC, New York, Brussels, and London, represents the global alternative asset management industry. MFA’s mission is to advance the ability of alternative asset managers to raise capital, invest, and generate returns for their beneficiaries. MFA advocates on behalf of its membership and convenes stakeholders to address global regulatory, operational, and business issues. MFA has more than 180 member fund managers, including traditional hedge funds, credit funds, and crossover funds, that collectively manage over $3.2 trillion across a diverse group of investment strategies. Member firms help pension plans, university endowments, charitable foundations, and other institutional investors to diversify their investments, manage risk, and generate attractive returns over time.
