London, UK — MFA issued the following statement in response to the Bank of England (BoE) System-Wide Exploratory Scenario II (SWES II) report:
“The Bank of England’s report highlights how hedge funds play an important role in financial markets and employ robust risk management practices that enable funds to withstand market shocks. Hedge funds invest in all market conditions to generate returns for their beneficiaries, including pensions. MFA looks forward to continuing to work with the international standard setting bodies on efforts to enhance the resilience of the financial system.” — Jillien Flores, Head of Global Government Affairs
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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 £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.