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MFA Statement on CFTC Extension of Position Limits Aggregation No-Action Relief

Washington, DC – Managed Funds Association Executive Vice President, Chief Counsel, and Head of Global Regulatory Affairs Jennifer Han today issued the following statement in response to the CFTC extension of position limits aggregation no-action relief:

“MFA commends the CFTC extension of No-Action relief regarding certain position aggregation requirements. The relief provides significant commercially practical adjustments while preserving the ability of the CFTC to monitor compliance. This will enable alternative asset managers to better serve their investors and markets by continuing to engage in strategies that help pensions, foundations, and endowments secure non-correlated investment returns.”

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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.