Tue, Jul 7, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Report on MFA Networking Conference 2006: Legal update, What SEC inspectors are looking for, Calls to reform US securities laws, A new route to build political influence, Hedge fund managers fear arbitrary SEC probes

Tuesday, February 07, 2006

Matthias Knab reports live from Key Biscayne: MFA announces internal growth plans to keep up with the pace of the alternatives industry

Jack Gaine, president of the Managed Funds Association, said the MFA will be focusing on the following areas:

  • Systemic risk from back logs in swaps (a concern shared with the NY Fed, UK FSA)
  • Risk Management
  • Best practise standards
  • ERISA/pension plan legislation. Under current rules, if a manager has 25% or more from public plans, he will become an Erisa fiduciary, having to comply with a very restrictive set of rules. At this time, also foreign benefit plans are included in this 25% calculation.

    Interestingly, pressure is also coming from the pension plans that want to reform the rules, because these prevent them from investing in certain managers. Pension plans aspire to be at the same level as endowments, which can invest in alternatives in a more unrestricted manner.

    The Erisa rules were basically introduced in the 1980’ies and were more directed at the futures industry at that time. One of the things the MFA is trying to achieve is to raise the arbitrary 25% level to 50%.

  • Money laundering – the MFA was participating in a dialogue with the rulemakers, but rules haven’t yet come out.
Jack Gaine pointed to the Goldstein case which challenges the SEC registration, where a decision may come down any day.

At a press briefing, Jack Gaine said he has not met or spoken with Jim Chanos, ......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Secondaries take center stage: What the 2026 PE landscape means for GPs and investors[more]

    Matthias Knab, Opalesque for New Managers: The 2026 edition of Dechert's Global Private Equity Outlook - "Signs of a Gradual Thaw" - marks a notable shift in industry sentiment. After years of compr

  3. And, finally: Time to share it with the people[more]

    From Newsoftheweird: Leavenworth, Washington, has become a tourist destination because of the Bavarian theme businesses have adopted there, NPR reported. One shop, the Leavenworth Nutcracker Museum, houses the world's largest nutcracker collection, thanks to 101-year-old Arlene Wagner. Wagner sta

  4. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

    Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m