Brussels, Belgium – MFA issued the following statement from Managing Director and Head of EU Government Affairs Taggart Davis on the AIFMD agreement:
“The AIFMD agreement recognises the essential role of alternative asset managers for EU capital markets and the importance of alternative investments in the portfolios of EU institutional investors, including pension funds. This agreement safeguards EU investor access to global expertise and promotes access to critical funding European businesses need to grow, create jobs, and innovate. While we are supportive of the overall framework, we are concerned about the impact of leverage limits on loan origination funds. We commend Isabel Benjumea MEP, the Spanish Presidency, and other negotiators for securing a pragmatic AIFMD framework that will foster a more integrated, competitive, and dynamic Capital Markets Union.”
About the Global Alternative Asset Management Industry
The global hedge fund and alternative asset management industry, including hedge funds, credit funds, and crossover funds, has assets under management of $4 trillion (Q4 2022). 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), based in Washington, DC, New York, and Brussels, 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 $2.2 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.