Managed Funds Association
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MFA represents the global alternative investment industry and its investors by advocating for public policies that foster efficient, transparent, fair capital markets, and competitive tax and regulatory structures. As the authoritative voice of the industry and premier platform for networking and training, MFA delivers value across all functional areas of member firms.
Managed Funds Association
1w ago
NAPFM, MFA, and AIMA File Lawsuit Against SEC to Vacate Dealer Rule
Vague and overbroad rule exceeds SEC’s statutory authority, is arbitrary and capricious, and has severe consequences for financial markets
WASHINGTON, D.C. – The National Association of Private Fund Managers (NAPFM), MFA, and the Alternative Investment Management Association (AIMA) today filed a lawsuit asking the U.S. District Court for the Northern District of Texas in Fort Worth to vacate a rule recently adopted by the Securities and Exchange Commission (SEC) that dramatically expands the definitions of “dealer” and “gover ..read more
Managed Funds Association
3w ago
The two recently finalized rules exceed the SEC’s rulemaking authority and must be vacated to protect investors and markets
WASHINGTON, D.C.– The National Association of Private Fund Managers (NAPFM), MFA, and Alternative Investment Management Association (AIMA) yesterday challenged two rules recently adopted by the Securities and Exchange Commission (SEC) that require reporting and public disclosure of securities lending and short selling activity in an opening brief filed in the U.S. Court of Appeals for the Fifth Circuit. The brief can be found here.
This litigation is about two rules fina ..read more
Managed Funds Association
1M ago
Brussels, Belgium — MFA issued the following statement on the Council of the European Union’s approval of the AIFMD agreement:
“MFA commends the Council of the European Union for its approval of the AIFMD agreement. This agreement guarantees EU investors have access to global expertise and European businesses have access to capital needed to expand, hire, and invest in research and development. AIFMD supports EU economic growth by ensuring that alternative asset managers and alternative investments can continue to play an essential role in EU capital markets and the portfolios of EU ins ..read more
Managed Funds Association
1M ago
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The post MFA Network Miami 2024 Day 3 Highlights appeared first on Managed Funds Association ..read more
Managed Funds Association
1M ago
The post MFA Network Miami 2024 Day 2 Highlights appeared first on Managed Funds Association ..read more
Managed Funds Association
1M ago
Washington, DC – Today, MFA and other trade associations submitted an amicus curiae brief in the United States Court of Appeals for the Eleventh Circuit in the American Securities Association, Petitioners v. SEC case. The case addresses the SEC approval of the Consolidated Audit Trail (CAT) funding model.
The brief highlights that the funding model passes costs through to dealers and investors who lack any input over the program’s budget or governance. This funding model will continue to encourage mismanagement of CAT and raise costs for investors. In approving the funding model, the SEC did ..read more
Managed Funds Association
1M ago
Washington, DC — MFA President and CEO Bryan Corbett issued the following statement regarding FinCEN’s proposal to expand anti-money laundering guidance:
“MFA is supportive of the FinCEN process to expand anti-money laundering guidance to investment advisers, and has welcomed official guidance since rules were first proposed in 2015. Alternative asset managers take AML issues seriously and maintain controls to guard against money laundering, including the use of fund administrators and other service providers that are keenly focused on preventing money laundering. Private fund investments als ..read more
Managed Funds Association
1M ago
London, UK – MFA calls for the swift implementation of a consolidated tape for UK fixed income markets in a comment letter to the Financial Conduct Authority (FCA) submitted today. The letter is a response to the FCA’s December consultation paper on the framework for a consolidated tape for fixed income securities.
MFA supports the implementation of a consolidated tape for fixed income securities because it will improve market participants’ access to timely, accurate data. Market data is critical to investment managers’ strategies and improved data will benefit UK market competitiveness. MFA ..read more
Managed Funds Association
1M ago
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, includin ..read more
Managed Funds Association
1M ago
Brussels, Belgium — Jillien Flores, MFA Executive Vice President, Managing Director, and Head of Global Government Affairs issued the following statement regarding the European Parliament advancing the AIFMD agreement:
“MFA commends the Members of European Parliament for advancing the AIFMD agreement. The agreement acknowledges the importance of alternative asset managers in EU capital markets and alternative investments in the portfolios of EU pension funds and other institutional investors. Advancing the agreement ensures EU investors retain access to global expertise and European businesse ..read more