MFA Statement On The SEC’s Proposed ESG Disclosure Rule

 

May 25, 2022

Washington, DC – Managed Funds Association President and CEO Bryan Corbett today issued the following statement in response to the U.S. Securities and Exchange Commission’s proposed ESG disclosure rule:

“Alternative asset managers support efforts to enhance transparency in ESG investing and provide greater clarity for the industry. We hope the reporting is tailored in a way that recognizes the diversity of investment strategies that enable institutional investors—including pensions, foundations, and endowments—to achieve their ESG goals. ESG is a dynamic and fast-moving space, and we urge the Commission not to adopt an overly prescriptive, check-the-box approach that stifles ESG integration.”

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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.