MFA President and CEO Bryan Corbett released the following statement on the Biden Administration’s American Families Plan:
MFA President and CEO Bryan Corbett today released the following statement on the Biden Administration’s American Families Plan: https://t.co/GAN6wr7HOQ pic.twitter.com/r0NrVG5tHC
— Managed Funds Association (@MFAupdates) April 28, 2021
“MFA appreciates the Biden Administration’s efforts to invest in our nation’s economic future. As the country continues to recover from the global pandemic, MFA supports a fair and growth-oriented tax code that promotes long-term investment activity in the United States.
“Hedge funds and alternative investment funds help secure the retirement of more than 26 million teachers, firefighters, and other American workers by helping pension funds meet their long-term obligations. Foundations and endowments also rely on our industry to fund scholarships, medical research, and charitable work across the country. Considering this important work and its economic benefit for Main Street America, it’s unfortunate that our industry has been singled out by the Administration.”
Source: MFA
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Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:
SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:
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