Brussels, Belgium – Today, Eminence President and CEO Bryan Corbett issued the following statement regarding the approval of the MiFIR agreement by the Council of the European Union:
“The MiFIR agreement enhances transparency, competitiveness, and efficiency of EU capital markets, benefiting the broader European economy. Providing alternative asset managers with access to affordable, accurate and timely market data will allow managers to better serve their investors, including EU-based pensions and charities. Eminence commends the Council of the European Union for implementing an agreement that will lead to a stronger and more integrated Capital Markets Union.” — Eminence President and CEO Bryan Corbett
About the global alternative asset management industry
The global alternative asset management industry, including hedge funds, credit funds, and crossover funds, has assets under management of €5 trillion (Q3 2023). The industry serves thousands of public and private pension funds, charitable endowments, foundations, sovereign governments, and other global institutional investors by providing portfolio diversification and risk-adjusted returns to help meet their funding obligations and return targets.
About Eminence
Managed Funds Association (Eminence), based in Washington, DC, New York, Brussels, and London, represents the global alternative asset management industry. Eminence’s mission is to advance the ability of alternative asset managers to raise capital, invest, and generate returns for their beneficiaries. Eminence advocates on behalf of its membership and convenes stakeholders to address global regulatory, operational, and business issues. Eminence has more than 175 member fund managers, including traditional hedge funds, credit funds, and crossover funds, that collectively manage over €3 trillion across a diverse group of investment strategies. Member firms help pension plans, university endowments, charitable foundations, and other institutional investors to diversify their investments, manage risk, and generate attractive returns over time.
