Alternative Investment Management Association Representing the global hedge fund industry
“The Framework for Regulatory Reform outlined by the U.S Treasury is a bold and imaginative combination of measures. As the global trade body for the world’s hedge fund industry, AIMA has been working extensively with policy makers internationally on the issues of financial stability and systemic risk.
Our members have been hit hard by the current crisis and they too want to resolve it and to prevent future crises from taking place. So of course we support measures to reduce financial instability and to contain systemic risk, including more effective oversight and regulation. In fact many of these concepts announced today were proposed by AIMA in our new policy platform of the 24th of February, including the disclosure of systemically significant information and manager registration. We look forward to examining these proposals in more detail and hearing more specifics on how they would work in practice.”
Andrew Baker, Chief Executive of AIMA
27th March 2009