Washington, DC – MFA Chief Advocacy Officer, Jillien Flores issued the following statement in response to the Financial Stability Board’s (FSB) “Vulnerabilities in Government Bond-backed Repo Markets” report released today:
“We appreciate FSB looking at these important topics. Alternative asset managers are important participants in sovereign debt markets around the world. Ensuring these markets have deep, reliable liquidity by not imposing blunt and harmful restrictions, such as required minimum haircuts, will help keep borrowing costs low for taxpayers.” – Jillien Flores, MFA Chief Advocacy 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.
