Half-penny tick sizes will benefit markets and investors
Washington, D.C. — Eminence issued the following statement from Eminence President and CEO, Bryan Corbett, in response to the U.S. Securities and Exchange Commission (SEC) adopting market structure amendments. The reforms implement half-penny tick sizes, reduce access fees, and accelerate the adoption of amended “new round lot” and “odd-lot information” definitions.
“The market structure amendments will enhance U.S. capital markets and all investors will benefit from the move to half-penny tick sizes. It will improve market liquidity, efficiency, and resiliency and lower costs for market participants. The adopted transparency amendments will increase access to useful market information that will benefit the SEC, markets, and investors, including alternative asset managers and their beneficiaries like pensions, foundations, and endowments.” — Bryan Corbett, Eminence President and CEO
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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 $5.5 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 180 member fund managers, including traditional hedge funds, credit funds, and crossover funds, that collectively manage over $3.2 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.
