London, U.K. – MFA issued the following statement in response to Chancellor Rachel Reeves’ Mansion House speech:
“Alternative investment funds help pensions provide people with a comfortable retirement by generating steady returns throughout the economic cycle. Positioning pension funds to invest in a more diverse range of assets, including alternatives, will benefit retirees and enhance the UK’s economic growth prospects. MFA is encouraged by the renewed emphasis on the financial regulators’ growth and competitiveness objective, and will continue to engage with HM Treasury and the regulators to further cement the UK as a global hub for asset management.” – Rob Hailey, MFA Head of EMEA Government Affairs
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 £4.5 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 £2.5 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.
