MFA Spent $1.4 Million On Lobbying

Jun 8 2010 | 10:32am ET

The Managed Funds Association spent almost $1.4 million in the first quarter lobbying Congress and regulators on behalf of the hedge fund industry.

The sum, $300,00 more than the group spent in the fourth quarter and nearly double what it spent a year ago, came as strict new financial regulations were being fashioned by the U.S. Senate. In January, President Barack Obama announced his support for the so-called Volcker rule, which would bar banks from the alternative investments industry as well as proprietary trading. The president also called for a new consumer financial protection agency.

The latter agency, as well as new rules covering derivatives trading, was the subject of some of the MFA’s lobbying to members of Congress, the Commodities Futures Trading Commission, Internal Revenue Service and Securities and Exchange Commission.

The MFA also lobbied the Departments of Labor and the Treasury, according to a filing with the House of Representatives clerks’ office.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of