AIMA

The Alternative Investment Management Association

Alternative Investment Management Association Representing the global hedge fund industry

Guides to Sound Practices

The following comprise the widest body of sound practices output on the hedge fund industry - with most items available freely to all.

AIMA's Guide to Selecting a Prime Broker

  • These guidelines are aimed at hedge fund managers who wish to select a prime broker, whether establishing an initial relationship or in choosing an additional prime broker for their business. The guide should also be useful to hedge fund managers who periodically review existing prime brokerage relationships from a service, risk, diversification, value or cost perspective. © AIMA, 2012

AIMA's Guide to Media Relations for the Hedge Fund Industry (2012 edition)

  • This updated Guide to Media Relations includes new material on corporate communications, crisis management, broadcast media, new/social media, and confidential information. It is intended to be a helpful guide for those who wish to improve their firm’s engagement with the press, or indeed that of the industry as a whole. © AIMA, 2012

Guide to Sound Practices for Hedge Fund Administrators

  • This joint initiative by AIMA and the Irish Funds Industry Association (www.irishfunds.ie) has been updated in 2009 and was originally created in 2004 by senior industry practitioners – including administrators, accountants, lawyers, managers and their advisors. It is not specific to any one jurisdiction and provides all interested parties with a meaningful outline of the administrator’s role in regard to hedge funds. © AIMA & IFIA, 2009.

Guide to Sound Practices for Funds of Hedge Funds Managers

  • The guide was developed by some of the world’s leading funds of hedge funds practitioners and focuses on areas including risk management, due diligence, disclosure to investors, valuation, management of conflicts of interest and other operational issues. © AIMA, 2009.

Offshore Alternative Fund Director's Guide

  • The Guide provides recommendations on key areas of fund governance including the independence of non-executive directors and conflicts of interest as well as auditors' communications and representations to the Board. First issued in 2005, the Guide is AIMA's best-seller and has proved to be invaluable both to directors as well as investors wishing to understand the Directors' roles and responsibilities. © AIMA, 2008.

  • The Guide considers various practical aspects of establishing and managing a hedge fund business in Europe and suggests corresponding sound practices. It is a 'must have' for any individuals or companies thinking of establishing a hedge fund business. © AIMA, 2007.

  • AIMA's ground-breaking work on valuation began in 2003. The latest output offers 15 Recommendations and in-depth insight into the roles and responsibilities of those involved in the asset valuation process. It covers governance; transparency; procedures, processes & systems; sources, models and methodology. The Guide includes practical examples of sound and unsound practices in each area. © AIMA, 2007.

  • In an updated from the 2002 guidelines, AIMA Australia has produced guidelines on good disclosure and promotion practices in the marketing of hedge fund products in Australia.  © AIMA, 2007.

  • The AIMA South Africa Hedge Fund Booklet is designed to assist the financial community and investors in their understanding of hedge funds. © AIMA, 2006.

Guide to Business Continuity for Hedge Fund Managers

  • Business continuity management is vitally important for hedge fund businesses and requires a higher level of attention and preparation than for most businesses of similar sizes. This set of principles isspecifically designed for the small- to medium-sized hedge fund management company no matter where they are based. © AIMA, 2006.

  • Released April 2005, this global survey measured the views of investors, hedge fund managers and hedge fund service providers regarding issues surrounding the valuation of assets held in hedge fund portfolios, with particular emphasis on harder-to-value assets. The final document includes Recommendations for increasing the understanding of different approaches to pricing and valuation and enhancing existing practices and procedures within the industry. (These Recommendations were subsequently revised and enhanced; they can be found in the 'Guide to Sound Practices for Hedge Fund Valuation' released by AIMA in 2007.) © AIMA, 2005.

  • AIMA Canada has prepared these sound practice guidelines on disclosure and promotion as a reference guide for Canadian hedge funds, hedge fund-of-funds, structured product organizations involved with alternative investments, managed futures firms, and any individuals or institutions interested in enhancing their understanding of the Canadian alternative investment industry. © AIMA, 2005.

  • The AIMA Canada Hedge Fund Primer is designed to assist the financial community and investors in their understanding of hedge funds. The document covers the hedge fund market in Canada, hedge fund strategies, and the risk/return characteristics of hedge funds. It is also designed to assist financial advisors and investors in their decision to allocate hedge funds in a diversified portfolio.© AIMA, 2004.

  • Based on the Guide to Sound Practices for European Hedge Fund Managers (launched in 2002), this Guide is geared specifically to the Asian marketplace. © AIMA, 2004.

  • Based on the Guide to Sound Practices for European Hedge Fund Managers (launched in 2002), this new Guide is geared specifically to the Canadian marketplace. © AIMA, 2004.

 

 

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