MFA responds to UK Leeds Reforms announcement

London, UK - MFA President and CEO, Bryan Corbett issued the following statement in response to the Leeds Reforms to be announced by Chancellor Rachel Reeves in today's Mansion House speech:

"MFA welcomes the Government's ambition to make the UK a world leader for managing private market assets, and rewiring the financial system to drive investment and growth. The UK's strengths in asset management have rightly been recognised - the measures in the Leeds Reforms to champion innovation in private markets will boost capital formation and help businesses and households achieve long-term financial goals. The alternative asset management industry will continue to work with HM Treasury and the FCA to refine the UK's regulatory framework and cement the UK's position as a global investment hub." - Bryan Corbett, MFA President and CEO

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About the global alternative asset management industry

The global alternative asset management industry - including hedge funds, private credit funds, and hybrid funds - serves thousands of public and private pension funds, charitable endowments, foundations, and other global institutional investors. The industry provides portfolio diversification and risk-adjusted returns to help meet their funding obligations and return targets throughout the economic cycle.

About MFA

Managed Funds Association (MFA), based in Washington, D.C., New York City, Brussels, and London, represents the global alternative asset management industry. MFA's mission is to advance the ability of alternative asset managers to raise capital, invest it, and generate returns for their beneficiaries. MFA advocates on behalf of its membership and convenes stakeholders to address global regulatory, operational, and business issues. MFA has more than 180 fund manager members, including traditional hedge funds, private credit funds, and hybrid funds, that employ a diverse set of investment strategies. Member firms help pension plans, university endowments, charitable foundations, and other institutional investors diversify their investments, manage risk, and generate attractive returns throughout the economic cycle.