Author: David Schwartz J.D. CPA
In a May 16, 2012 letter to the European Commission, the Managed Fund Association (MFA), an association of hedge funds and managed future firms, shot back at the FSB's greenpaper on shadow banking. In its response, MFA argues that it was a mistake to include hedge funds as part of the shadow banking system as the FSB has defined it. Neither their funding characteristics nor relative size should warrant regulation of hedge funds to a greater degree than other investment sectors.