MFA

Mark your calendars! MFA and iConnections will be co-hosting the world's largest conference for the alternative asset management industry from January 27-30, 2025 in Miami, Florida.   Global Alts '25 will convene over 6,000 attendees and feature nearly 200 speakers. This conference is set to be the premier event for the alternative asset management industry, offering authoritative content, networking opportunities, and a chance to connect with leading fund managers and allocators.   Stay tuned for more updates! MFA and iConnections look forward to welcoming you to Global Alts ‘25 next year. #GlobalAlts25

MFA issued the following statement from President and CEO, Bryan Corbett, in response to Banking Committee Chairman, Sherrod Brown (D-OH), and Senator Jack Reed’s (D-RI) letter to the Federal Reserve regarding their concerns about private credit. For more information on the benefits of private credit visit MFA's private credit website: https://lnkd.in/eg_z7PBc Read full statement: https://lnkd.in/eiwYswig

These great media moments would have never happened without the great work of the team at MFA. The interviews, op-eds, and letters to the editors are only a sliver of the work MFA does to shape the future of alternative asset management. I am proud of the work the MFA team did in 2024 to deliver meaningful outcomes for our members and excited to build on the momentum going into the new year. 

It’s a privilege to have the Financial Times run my letter to the editor highlighting the financial stability benefits of Credit Risk Transfers (CRTs). CRTs play a vital role in enhancing financial stability by transferring risk from banks with government backstops and depositors to private funds who have sophisticated long-term investors and no government backstop.     CRTs enable banks to deploy capital more efficiently, improving credit availability, and reducing systemic risks. As Fed Chair Jerome Powell said this summer, CRTs are supported by regulators because they reduce risk on banks’ balance sheets. In fact, limiting CRTs would pose greater risks to the financial system by burdening banks with balance sheet risk.    Thankfully, regulators, banks, and market participants are embracing CRTs as a crucial tool that strengthens the resilience of the financial system. 

As we close out the year, I'm proud to spotlight some major media moments from MFA President and CEO, Bryan Corbett, that showcase how alternative asset managers strengthen the economy, support markets, and benefit all investors:   — Op-ed in Barron's: Detailed how the new Administration can strengthen U.S. capital markets and embrace the alternative asset management industry. Read here: https://lnkd.in/gAt5Cpii — Op-ed in American Banker: Dispelled myths about private credit and highlighted its role in driving economic growth. Read here: https://lnkd.in/ghDycrhj — Bloomberg News: Discussed MFA’s successful lawsuit to vacate the Dealer Rule and strategies to enhance capital markets. Watch here: https://lnkd.in/grxMK4Rd — Letter to the Editor in Bloomberg News: Defended SRTs as a well-regulated tool that bolsters financial stability. Read here: https://lnkd.in/guWDi3ZT — Letter to the Editor in Financial Times: Highlighted CRTs as tools that enhance stability by shifting risk from banks to private funds, reducing taxpayer exposure and enabling banks to deploy capital more effectively. Read here: https://lnkd.in/gQPR-XJq These achievements wouldn’t be possible without the dedication and hard work of our incredible MFA communications team (Raffi Williams, Nicholas Deitz, Kimberly Gastelum, and Noah Teshome) and the ongoing support of our members and partners.

Today, the Financial Times published a letter to the editor from MFA President and CEO, Bryan Corbett, pushing back against a column that questioned the utility of credit risk transfers (CRT). In the letter, Corbett highlights how CRTs enhance financial stability by transferring risk from banks with depositors and government backstops to private funds who have long-term investors and no government backstop. Curtailing CRTs would increase the risk present in the banking system. Using market-based finance to derisk banks and enhance financial stability makes the financial system more resilient.    Read more: https://lnkd.in/eRJqDUxS 

MFA President and CEO, Bryan Corbett, spoke with Hedge Fund Alert about MFA’s approach to advocacy post-Gensler. Top takeaway from Corbett—“We think there is a big moment here to pivot.” MFA is encouraging incoming policymakers to extend unnecessarily harried compliance deadlines, promote pro-growth tax policies, and undertake a holistic review of the Gensler era rules—many of which conflict with each other.   For more insights into how MFA is shaping the future of alternative asset management read the article in Hedge Fund Alert: https://lnkd.in/edDmv79j

MFA issued the following statement from Jillien Flores, Head of Global Government Affairs, in response to the Financial Stability Board (FSB) report on the use of leverage by nonbank financial intermediaries. Read more: https://lnkd.in/e_kXEE_x

Thank you to Christian L. Tom, Assistant to the President and Director of the White House Office of Digital Strategy, for hosting the National Digital Roundtable at the White House on Friday. The roundtable discussion provided a platform for marketing and communications leaders to discuss how the White House’s digital team leveraged digital communications strategies to shape the conversation in Washington and across the country. Grateful for the chance to participate in an insightful conversation led by Anthony Shop as we wrap up the year.

MFA requested the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) extend the compliance deadline for the amended Form PF requirements by six months in a letter submitted today. A six-month extension would mitigate significant compliance challenges for managers and enhance the quality and consistency of the data provided to regulators. Read more: https://lnkd.in/gZ-JzpR8