WASHINGTON, D.C. — MFA issued the following statement from President and CEO, Bryan Corbett, regarding the SEC’s finalization of the rules on the Registration and Regulation of Security-Based Swap Execution Facilities:
“Securities-based swaps play a critical role in the ability of alternative asset managers to manage risk and deliver returns for their investors, including pensions, foundations, and endowments. The SEC’s final rule will enhance the integrity of securities-based swaps markets and the liquidity of U.S. capital markets. We are pleased the SEC incorporated industry feedback and took extra steps to ensure its rules are harmonized with existing CFTC rules.”
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.
About Managed Funds Association
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 170 member firms, including traditional hedge funds, credit funds, and crossover funds, that collectively manage nearly $3 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.