- Align reporting with other major jurisdictions. Allow managers to use existing calculation methodologies, including those used for regulatory reporting in other jurisdictions.
- Raise the Enhanced Reporting threshold, so smaller managers are not subject to unnecessarily detailed reporting requirements.
- Make event-based reporting more proportionate. Raise the drawdown reporting trigger to 20%, extend the deadline to three business days, and exclude non-UK managers from scope.
- Improve fund classifications and reporting. Define hedge funds based on their actual leverage rather than hypothetical exposures, and clarify reporting requirements for private credit and loan origination funds.
About the global alternative asset management industry
The global alternative asset management industry — including hedge funds, private credit funds, and hybrid funds — serves thousands of public and private pension funds, charitable endowments, foundations, and other global institutional investors. The industry provides portfolio diversification and risk-adjusted returns to help meet their funding obligations and return targets throughout the economic cycle.
About MFA
Managed Funds Association (MFA), based in Washington, D.C., New York City, 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 it, 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 fund manager members, including traditional hedge funds, private credit funds, and hybrid funds, that employ a diverse set of investment strategies. Member firms help pension plans, university endowments, charitable foundations, and other institutional investors diversify their investments, manage risk, and generate attractive returns throughout the economic cycle.
