Washington, D.C. — MFA issued the following statement in response to the SEC’s Custody Rule proposal:
“MFA appreciates the SEC’s effort to address longstanding issues with the Custody Rule that have created uncertainty for investment advisers. The proposed amendments are an important step towards modernizing custodial practices for private fund managers and custodians. We welcome the clarity the proposal aims to provide regarding private market investments, discretionary trading, and digital assets. We look forward to working with the Commission on a modernized framework that maintains strong investor protections and reflects how today’s markets operate.” — Jennifer Han, MFA Chief Legal Officer
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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.
