Statement on the 2020 Presidential Election
November 8, 2020
Washington, DC – Managed Funds Association President & CEO Bryan Corbett issued the following statement on the presidential election:
“The hedge fund and alternative investment industry congratulates President-elect Joe Biden and Vice President-elect Kamala Harris on their election victory.
“Hedge funds are a critical component in the global financial ecosystem, managing more than $3.3 trillion in assets. In all 50 states, institutional investors like pension funds, charitable foundations, and university endowments rely on investments in hedge funds, credit funds, and other alternative investment funds to diversify their investments, manage risk, and generate attractive returns in all market conditions. Their investments help support the retirement security of more than 26 million teachers, fire fighters, and other public employees, fund college education, and enable the vital work done by foundations and charities.
“The hedge fund industry looks forward to working with the Biden administration on public policies that promote fair, efficient, and transparent capital markets.”