London, U.K. — MFA issued the following statement in response to the Financial Conduct Authority’s (FCA) proposal to publicise enforcement investigations into regulated firms:
“MFA appreciates the FCA’s serious consideration of the potential unintended consequences of the proposal in response to extensive feedback. We remain concerned that the modified proposal could result in significant reputational harm for asset managers even if the investigation subsequently concludes there was no wrongdoing. MFA will continue to work constructively with the FCA to ensure that the UK remains an attractive hub for alternative asset managers.” — Rob Hailey, MFA Managing Director, Head of EMEA Government Affairs
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About the global alternative asset management industry
The global alternative asset management industry, including hedge funds, credit funds, and crossover funds, has assets under management of £4.5 trillion (Q3 2023). 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 MFA
Managed Funds Association (MFA), based in Washington, DC, New York, Brussels, and London, 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 180 member fund managers, including traditional hedge funds, credit funds, and crossover funds, that collectively manage over £2.5 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.
