Hedge Fund Lobby Heats Up, Doubles Fourth-Quarter Spending

Mar 30 2010 | 12:38pm ET

With the prospect of new hedge fund regulations in the U.S. on the near horizon, the industry’s top lobbyist has redoubled its efforts—and doubled its fourth-quarter lobbying budget.

The Managed Funds Association spent $1.08 million over the last three months of 2009 lobbying on such issues as requiring hedge funds to register with the SEC, despite the fact that the measure is a near-certainty and that the MFA itself has expressed support, in principle, for mandatory registration. The MFA also lobbied on President Barack Obama’s proposed Consumer Financial Protection Agency, new derivatives regulations and a proposal that would force defined benefit pension plans to disclose their hedge fund investments, according to a filing with the House of Representatives’ clerk’s office.

In addition to Congress, the MFA spent time (and money) lobbying the Commodity Futures Trading Commission, Internal Revenue Service, Securities and Exchange Commission, and the departments of Labor and the Treasury.

The $1.08 million the group spent in the fourth quarter is more than double the $520,000 it spent in the year-earlier period. It’s also 19% more than it spent in the third quarter of last year.

The MFA did not lobby on President Obama's proposal to bar banks from owning, investing in or sponsoring hedge funds or private equity funds. The president unveiled the "Volcker rule" in January.


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.