Wed, Nov 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

MFA announces plan to collect industry data

Friday, January 08, 2010
Opalesque Industry Updates - Managed Funds Association (MFA), the leading association of the alternative investment industry, today announced it will launch an initiative to gather information from hedge funds, funds of funds and managed futures funds, for use in its industry education and advocacy efforts using the PerTrac P-Card. P-Cards are secure email attachments that can contain an array of manager-designated data such as strategy descriptions, investment terms, portfolio exposure data and investment returns.

Richard H. Baker, MFA President and CEO, said, “As the primary source of industry information for policy makers, the media and the public, it’s important that we collect and aggregate data in a confidential and timely manner from as many managers as possible. Following a lengthy search, MFA has selected PerTrac Financial Solutions as its partner in order to collect basic industry data, such as assets under management, the number of existing funds and number of industry-wide employees, while allowing managers to retain confidentiality. PerTrac’s P-Card is a secure tool that we will use to gather and aggregate information that will allow us to better understand and represent the global alternative investment industry. In addition, P-Cards have utility outside of MFA’s efforts, allowing for and encouraging increased and more frequent communication and transparency between managers and investors, which is a key goal of MFA.”

MFA will share information on the industry solely on an aggregated basis in an effort to educate policy makers, the media and the public and to advocate for appropriate regulation and industry growth. MFA will use a third-party accounting firm to collect the data on its behalf. No fund-specific information collected via PerTrac P-Card, including fund names, will be released under any circumstances.

Gerry Mintz, PerTrac President and CEO, said, “PerTrac P-Card is a revolutionary tool which allows fund managers to communicate information to investors confidentially and directly using a secure e-mail attachment. More than 110 funds around the world have already registered to use P-Cards to keep their investors and prospects up-to-date on qualitative, performance and risk information. We are excited that MFA has chosen PerTrac P-Card as its preferred method of fund data collection, as it will help accelerate the adoption of this exciting new technology. As adoption increases, the alternative investment community will benefit from improved and more efficient transparency, and we are delighted that the MFA is leading the industry towards this critical goal.” Corporate Website: www.managedfunds.org

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W