Managed Funds Association

The Managed Funds Association has said the Securities and Exchange Commission’s proposed new requirements on Predictive Data Analytics are “unworkable” for alternative asset managers.

Six alternative asset management industry groups have joined forces in filing a lawsuit in the U.S. Court of Appeals for the Fifth Circuit against the U.S. Securities and Exchange Commission over its newly approved Private Fund Adviser rule.

The U.S. Securities and Exchange Commission’s approved its Private Fund Advisers rule in a split vote with the stated aim to protect private fund investors by increasing transparency and efficiency, leaving industry bodies divided in its wake.

The Managed Funds Association (MFA) has appointed ex-Credit Suisse U.S. public policy director Georgette Sierra as vice president, U.S. government affairs.

Hedge fund industry trade groups have welcomed “significant” new U.K. government rule changes on the disclosure of short positions, claiming the overhaul will help boost market liquidity and expose corporate fraud.

The Managed Funds Association wants the Securities and Exchange Commission to ditch its proposed short data reporting rule changes and use the Financial Industry Regulatory Authority’s existing framework instead.

The Managed Funds Association called on the U.K. Financial Conduct Authority to change what it sees as flaws in the country’s securitization regulation.

The Managed Funds Association has criticized new Securities and Exchange Commission proposals aimed at combating conflicts of interest in securitizations, suggesting they “unnecessarily prohibit” hedging and could inadvertently harm structured finance markets and firms’ access to credit.

Managed Funds Association President and CEO Bryan Corbett says a ban on short selling would increase volatility, and has urged the SEC to refrain from any such measure.

The Securities and Exchange Commission adopted amendments to Form PF on May 3 after regulators took a 12-year hiatus from substantial changes in disclosure requirements. SEC Chair Gary Gensler said in a statement: “Private funds today are ever more interconnected ...