Brussels, Belgium — MFA issued the following statement in response to a the European Central Bank’s (ECB) Financial Stability Review published today:
“MFA welcomes the European Central Bank’s Financial Stability Review and its recognition of the important role alternative asset managers play in Europe’s capital markets. Alternative fund managers support well-functioning government bond markets that keep borrowing costs low and provide essential financing to European businesses. These activities strengthen markets and the wider economy without posing a systemic risk. Policymakers should build on what’s working rather than impose bank-style rules that would reduce investment and raise costs.” — Jillien Flores, MFA Chief Advocacy Officer
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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.
