MFA supports the goals of the resolution and recommends increasing limit on number of investors in a private security to foster broader market participation and liquidity
Washington, D.C. – MFA supports the objectives of the Argentina Comisión Nacional de Valores’ (CNV) proposed General Resolution (CNV 1009/2024) on the private placement and cross-border offer of securities in a joint comment letter submitted today with SIFMA.
“The CNV’s proposal represents an important opportunity to modernize Argentina’s capital markets. The proposal could stimulate capital formation and economic growth by enhancing market integrity, improving transparency, and empowering investors to make more informed decisions. However, for the CNV to enhance Argentina’s capital markets it should increase the limit on the number of qualified investors in private securities offerings. This will foster broader cross-border participation and increase liquidity in Argentina’s markets.” – Bryan Corbett, MFA President and CEO
Read the full comment 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.
