Washington, DC – Managed Funds Association issued the following statement from Head of EU Government Affairs Taggart Davis today in response to the vote on the review of the Alternative Investment Fund Managers Directive (AIFMD).
“We commend Isabel Benjumea MEP for her constructive approach to the AIFMD review and her leadership in helping deliver a robust foundation for trilogues. Alternative asset managers play an essential role in European capital markets and generate reliable returns for EU pensions and other institutional investors so they can deliver for their beneficiaries. We hope the negotiations will find a compromise that strengthens EU capital markets, safeguards investor access to global capital and expertise, and promotes European SME access to capital. Benjumea and her colleagues deserve credit for improving the language on loan origination funds to ensure the AIFMD framework won’t reduce access for European businesses to critical funding which helps them to grow, create jobs, and innovate.”
About the Global Alternative Investment Industry
The global hedge fund and alternative asset management industry, including hedge funds, credit, managed futures, and hybrid funds that invest in private companies, has assets under management of $4.3 trillion (Q3 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 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 $2.6 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.