MFA Statement on SEC Extending Comment Period for Proposed Rules

 

May 9, 2022

WASHINGTON, DC –Managed Funds Association President and CEO Bryan Corbett today issued the following statement in response to the U.S. Securities and Exchange Commission’s (SEC) move to reopen and extend the comment period for broad proposals, including the agency’s Private Fund Adviser Rules:

“We appreciate the SEC broadly recognizing the importance of more time for stakeholders to submit meaningful comments on its proposed rules. Proposals as consequential as the private fund adviser rules should not be rushed through the regulatory process without adequate time for advisers, their investors, and other stakeholders to provide serious consideration and analysis of the ramifications for investors, markets and market competition, the advisory business, and the broader economy. We hope the Commission will consider extending other recently proposed and equally consequential rulemakings.”

About the Global Hedge Fund and Alternative Investment Industry

The global hedge fund and alternative investment industry, including hedge funds, credit, managed futures, and hybrid funds that invest in private companies, has assets under management of $4.3 trillion (Q2 2021). 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.

About the Managed Funds Association

Managed Funds Association (MFA) represents the global hedge fund and alternative investment industry and its investors by advocating for regulatory, tax, and other public policies that foster efficient, transparent, and fair capital markets. MFA’s more than 150 member firms collectively manage nearly $1.6 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. MFA has a global presence and is active in Washington, London, Brussels, and Asia. www.managedfunds.org