Hedge Funds Politics & Regulation

MFA finances AIMA’s challenge to EU directive

by

AIMA’s attempt to bring about changes to the draft EU directive has been given a big boost by the MFA.

The Managed Funds Association, the premier U.S. hedge fund lobbying group, is bankrolling a campaign by the Alternative Investment Management Association, which is based in London, to overturn parts of the European Commission’s draft directive on Alternative Investment Fund Managers. Officials at both organizations confirmed the financial contribution made by MFA members, but would not provide a figure. The MFA has raised a ton of money in recent years and has stepped up its lobbying efforts and the contribution to AIMA is understood to be substantial.

“The MFA has a long history of engagement in European regulatory matters and