MFA, (formerly Managed Funds Association), is a
Washington, DC
Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and Federal district of the United States, federal district of the United States. The city is on the Potomac River, across from ...
–based
industry group representing the
alternative asset management industry.
It was founded in 1991 and is considered a leading financial services
trade association
A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific Industry (economics), industry. Through collabor ...
. The association describes itself as advocating for "public policies that foster efficient, transparent, fair capital markets, and competitive tax and regulatory structures."
History
In 1991, the National Association of Futures Trading Advisors (NAFTA) and the Managed Futures Trading Association (MFTA) combined to create the Managed Futures Association. In 1997, MFA changed its name to the Managed Funds Association in recognition of the broadening scope of the managed futures
investment
Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...
space and to include alternative
trading
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market (economics), market.
Traders generally negotiate throu ...
outside of the exclusive use of futures. MFA initially had offices in New York City and Washington, D.C.
In 2022, MFA expanded its global presence by opening an office in
Brussels
Brussels, officially the Brussels-Capital Region, (All text and all but one graphic show the English name as Brussels-Capital Region.) is a Communities, regions and language areas of Belgium#Regions, region of Belgium comprising #Municipalit ...
, its first permanent presence outside the United States. In Spring 2023, MFA opened an office in London to further represent MFA members’ interests and deepen engagement with UK policymakers. In January 2024, the Managed Funds Association changed its name to simply ‘MFA’ to reflect its expanding membership.
Mission
MFA’s mission is to advance the ability of alternative asset managers to raise capital, invest, and generate returns for their beneficiaries. As part of this mission, MFA provides its members with services and information regarding industry
initiatives, developments, and sound practices; serves as a
forum for identifying issues of common concern and developing solutions; engages
policymakers and the
media
Media may refer to:
Communication
* Means of communication, tools and channels used to deliver information or data
** Advertising media, various media, content, buying and placement for advertising
** Interactive media, media that is inter ...
in dialogue regarding the industry; and offers targeted educational programs and publications to ensure informed governmental policymaking and balanced
reporting by the
press.
MFA's
research
Research is creative and systematic work undertaken to increase the stock of knowledge. It involves the collection, organization, and analysis of evidence to increase understanding of a topic, characterized by a particular attentiveness to ...
provides members and the public with a variety of information on the trends and impacts of the private funds and alternative investments industry. The organization produces
reports,
white papers, and other products to provide insights into the role of alternative investment funds in
capital markets
A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers t ...
around the world.
Membership
MFA provides industry leadership through
*
government relations
Lobbying is a form of advocacy, which lawfully attempts to directly influence legislators or government officials, such as regulatory agencies or judiciary. Lobbying involves direct, face-to-face contact and is carried out by various entities, in ...
, advocacy, and legislative affairs;
*
communications
Communication is commonly defined as the transmission of information. Its precise definition is disputed and there are disagreements about whether Intention, unintentional or failed transmissions are included and whether communication not onl ...
;
*
education
Education is the transmission of knowledge and skills and the development of character traits. Formal education occurs within a structured institutional framework, such as public schools, following a curriculum. Non-formal education als ...
for members, policymakers, the public, and
investors
An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital the investor usually purchases some species of property. Types of in ...
.
The organization represents over 160 leading alternative asset management companies that utilize many strategies including:
long/short equity
Long/short equity is an investment strategy generally associated with hedge funds. It involves buying equities that are expected to increase in value and selling short equities that are expected to decrease in value. This is different from the ...
,
event-driven investing, arbitrage (e.g.
fixed-income,
convertible bond
In finance, a convertible bond, convertible note, or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in ...
,
risk
In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environ ...
,
statistical
Statistics (from German language, German: ', "description of a State (polity), state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a s ...
),
distressed securities
In corporate finance, distressed securities are security (finance), securities over companies or government entities that are experiencing Financial distress, financial or operational distress, Default (finance), default, or are under bankruptcy. ...
,
global macro, managed futures (e.g. commodities futures trading (CTAs)),
multi-strategy trading, quantitative,
volatility trading, and other fund strategies. 80 percent of funds with over $1 billion in assets under management are MFA members.
Leadership
Bryan Corbett is MFA's President and CEO. Corbett began his tenure in January 2020 after serving as a senior executive at
The Carlyle Group
The Carlyle Group Inc. is an American multinational company with operations in private equity, alternative asset management and financial services. As of 2023, the company had $426 billion of assets under management.
Carlyle specializes in ...
. Corbett previously served in the
George W. Bush
George Walker Bush (born July 6, 1946) is an American politician and businessman who was the 43rd president of the United States from 2001 to 2009. A member of the Bush family and the Republican Party (United States), Republican Party, he i ...
administration as Special Assistant to the President for Economic Policy and Senior Adviser to the Deputy Secretary of the
U.S. Department of Treasury. He also worked as counsel of the
U.S. Senate Committee on Banking, Housing, and Urban Affairs under Chairman
Richard Shelby. Corbett earned his JD from
George Washington University Law School, where he was editor-in-chief of the George Washington Law Review, and earned his BA from
University of Notre Dame
The University of Notre Dame du Lac (known simply as Notre Dame; ; ND) is a Private university, private Catholic research university in Notre Dame, Indiana, United States. Founded in 1842 by members of the Congregation of Holy Cross, a Cathol ...
.
MFA's Board of Directors manages the business and affairs of the association. Board members are representatives of MFA member companies. The Board Chair is Natalie A. Birrell (
Anchorage Capital Group).
References
External links
Official website
{{Authority control
Trade associations based in the United States
Lobbying organizations in the United States
Finance industry associations
Asset management associations