The Managed Funds Association welcomes new board of directors
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The Managed Funds Association welcomes new board of directors 04 October 2024 US Reporter: Klea Neza
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The Managed Funds Association, an alternative asset management trade group, has welcomed its new board of directors.
This will include its new chair Jody Gunderson, who is replacing current MFA chair Natalie Birrell, president of Anchorage Capital Group, managing principal at credit investment firm AB CarVal.
The association says the appointments come as the industry prepares for the threat of higher taxes and new regulation, and as the firm prepares for potential changes in federal agencies, including the Securities and Exchange Commission.
A US appeals court overturned a major SEC rule in June, which imposed stricter oversight of private funds, in a fresh blow for chair Gary Gensler’s agenda to boost transparency and stamp out conflicts of interest on Wall Street.
Gunderson says the industry group is “trying to game plan for the different scenarios that it will face” and how to “advance the industry’s agenda”.
“As we look ahead to 2025, we’re obviously going to be navigating a presidential election and a new Congress, and that will certainly have an impact on our advocacy tactics,” says Brian Corbett, MFA’s CEO.
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