Washington, DC – Bryan Corbett, MFA President and CEO issued the following statement regarding the final SEC – CFTC Form PF rule:
“The final SEC – CFTC Form PF rule is misguided and will harm regulators’ ability to monitor systemic risk. The final rule requires advisers to submit misleading information to regulators that creates a warped perception of fund activity. The broad, undisciplined request for data will put sensitive proprietary investment strategies at risk, drive industry consolidation, and increase the cost of investing for the beneficiaries of alternative asset managers, including pensions, foundations, and endowments.” – Bryan Corbett, MFA President and CEO
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.
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 175 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.