Hedge Fund Lobby Group Spends Almost $1M In Q1

Jun 28 2011 | 9:08am ET

The Managed Funds Association, a hedge fund trade group, spent $950,000 in Q1 2011 lobbying federal officials, reports Bloomberg Businessweek.

The amount spent was down from the $1.37 million spent in Q1 2010, but up from the $670,000 spent in Q4 2010.

The Washington, D.C.-based association represents “professionals in hedge funds, funds of funds and managed futures funds, as well as industry service providers,” according to its web site. Its “Founder’s Council” is a who’s who of hedge fund luminaries, including Highbridge Capital Management, Elliott Management Corporation, Paulson & Co and Tudor Investment Corporation.

According to an April 20 filing with the House clerk’s office, the association’s lobbying activities in Q1 focused on implementation of the Dodd-Frank Act, the Consumer Protection Act, a mortgage relief program and registration requirements for private equity fund advisers.

Bloomberg says the hedge fund association’s lobbying efforts were targeted at Senators, House members, the SEC, the Department of the Treasury and the Commodity Futures Trading Commission.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.