{"id":5717,"date":"2007-02-23T00:00:00","date_gmt":"2007-02-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"mfa-applauds-pwg-and-supports-principles-and-guidelines","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2007\/mfa-applauds-pwg-and-supports-principles-and-guidelines.html","title":{"rendered":"MFA Applauds PWG and Supports Principles and Guidelines"},"content":{"rendered":"

HedgeCo.net – WASHINGTON, D.C., February 22, 2007<\/em> — Managed Funds Association (MFA) said today it applauds the announcement by Treasury Secretary Paulson, chairman of the President\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s Working Group (PWG), and supports the PWG\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s unanimous agreement on setting forth a common set of principles and guidelines for oversight of private pools of capital, including hedge funds.  MFA is the unified voice of the hedge fund industry. <\/p>\n

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            \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cMFA supports Secretary Paulson\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s call for robust vigilance by all market participants,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d said MFA President, John G. Gaine.  \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe enthusiastically endorse the Agreement announced today and look forward to continuing our work with the PWG and the U.S. Agencies to ensure viable markets, investor protection and the prevention of systemic risk.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d   <\/p>\n

            Secretary Paulson, as chairman of the PWG, which is composed of the Treasury Secretary and the chairmen of the Federal Reserve Board, the Securities and Exchange Commission and the Commodity Futures Trading Commission, said the Group has agreed unanimously that market discipline most effectively addresses systemic risk, and that issues of investor protection can be addressed through a combination of market discipline and regulatory policies that limit direct investment to sophisticated investors.  <\/p>\n

<\/p>\n

            \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cThe alternative investment industry is ever vigilant with respect to sound business practices,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d said Mr. Gaine.  \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cMFA\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s Sound Practices for Hedge Fund Managers<\/em> is currently in revision and will be released this year.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d  Mr. Gaine added that MFA pledges full cooperation with the ongoing evaluation of the industry and market developments. 
  <\/p>\n

            MFA, headquartered in Washington, DC, is the primary trade association representing professionals who specialize in alternative investment strategies including hedge funds, funds of funds and managed futures funds. MFA\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s over 1,300 members are affiliated with the majority of the 100 largest hedge funds, which manage a significant portion of the over $1.3 trillion invested in hedge funds. Since its inception in 1991, MFA has provided industry leadership in government relations, communications, media relations, and education to MFA members and investors. <\/p>\n


<\/strong> For further information:                                John G. Gaine, MFA President, (202) 367-1140<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

HedgeCo.net – WASHINGTON, D.C., February 22, 2007 — Managed Funds Association (MFA) said today it applauds the announcement by Treasury Secretary Paulson, chairman of the President\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s Working Group (PWG), and supports the PWG\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s unanimous agreement on setting forth a common […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5717","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5717"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5717\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}