Managed Funds Association (MFA), the association of the US alternative investment industry, said it intends to pull together information from hedge funds, funds of funds and managed futures funds for use in its industry education and advocacy.
The data will be collected using the PerTrac P-Card, a secure email attachments that can contain an array of manager-designated data such as strategy descriptions, investment terms, portfolio exposure data and investment returns.
“As the primary source of industry information for policy makers, the media and the public, it’s important that we collect and aggregate data in a confidential and timely manner from as many managers as possible,” explained Richard Baker, MFA president and CEO.
He noted that PerTrac’s P-Card is a secure tool MFA will use to gather and aggregate information. This will allow the organisation to better understand and represent the global alternative investment industry.
MFA will share information on the industry on an aggregated basis. The group will use a third-party accounting firm to collect the data on its behalf. No fund-specific information collected, including fund names, will be released.