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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of