Statement in Response to House Financial Services Committee Hearing on GameStop Event

Washington –  Managed Funds Association President and CEO Bryan Corbett today issued the following statement in response to the House Financial Services Committee hearing on events surrounding GameStop:

“We are proud of the role our members play in making American capital markets the envy of the world. Across our country and around the world, institutional investors, including pensions, hospital endowments, and non-profits, rely on hedge fund investments to help support retirement security, medical research, and the important work done by foundations and charities. In fact, hedge funds help secure the retirement of more than 26 million teachers, firefighters, and other public employees by helping pensions navigate all market conditions and meet long-term financial obligations.”