MFA Submits Comments on BEA Forms

The MFA submitted a comment letter to the Department of Commerce and the Bureau of Economic Analysis ("BEA") regarding Direct Investment Surveys. The Direct Investment Surveys, including forms BE-77 and BE-11, are periodic forms that hedge funds must file in order to gauge the amount of U.S. direct investment abroad. In the comment letter, the MFA explained that the reporting requirements are not well suited to the unique structure and operations of hedge funds, as compared to operating companies. The MFA recommended that the BEA consider certain amendments to the forms to improve the usefulness of the data collected and to reduce the filing burden on hedge funds.

See: MFA Comment Letter; MFA Press Release.