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MFA Statement on the SEC’s Equity Market Structure Proposal

Washington, DC – Managed Funds Association issued the following statement from President and CEO Bryan Corbett in response to the SEC’s equity market structure proposal:

“Alternative asset managers rely on the strength and resilience of our markets to deliver for investors, including pensions, foundations, and endowments. We have long advocated measures to enhance market structure, so are pleased to see that the SEC is addressing minimum pricing increments (tick size), access fee caps, and transparency of better priced orders. We look forward to carefully reviewing the full slate of proposals and working constructively with the SEC to calibrate these rules to best serve investors and avoid unintended, negative consequences. The U.S. capital markets are the envy of the world and investors deserve nothing less than a thoughtful, thorough, and data-driven process in assessing these proposals.”

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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.