Type
Published

MFA Submits Comments to BEA on Direct Investment Surveys

On July 21, MFA submitted comments to the BEA in response to its proposed changes to reporting by private funds on its surveys of U.S. direct investment abroad: BE-577, BE-11 and BE-10. In the letter, we express support for the proposed changes and explain that the existing reporting regime is not well-suited to the unique structure and operations of hedge funds, as compared to operating companies, and that as a consequence, hedge funds submit information on the surveys that may not be representative of the types of investment flows that the surveys seek to measure. The proposed changes would enhance the utility of information collected by the BEA and reduce the reporting burden for private fund managers.