Alternative Investment Management Association Representing alternative asset managers globally
26 June 2014
The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has signed a Memorandum of Understanding (MoU) with AMAC, the Asset Management Association of China.
The MoU, which was signed in Beijing on 18 June 2014, is the first of its kind signed by AMAC with an international organisation. The MoU outlines areas of future cooperation between the associations and highlights their joint commitment to strengthening the exchange and cooperation of the Chinese and international fund management industries.
The MoU signing was part of a five-day trip to Beijing by senior AIMA representatives during which AIMA was also appointed to AMAC’s newly formed International Partners Committee (IPC). The IPC’s inaugural meeting was followed by AMAC’s annual conference at which AIMA CEO Jack Inglis gave a keynote speech on the regulation of hedge funds in capital markets.
The week concluded with the 1st International Hedge Fund Leadership Forum in Beijing, a conference jointly hosted by AIMA and AMAC, which examined some of the current regulatory, operational and marketing challenges facing the international hedge fund community.
Jack Inglis, AIMA CEO, said: “The signing of the MoU with AMAC, as well as the holding of our first major event in Beijing, underlines AIMA’s commitment to engaging with industry professionals, regulators and policymakers in China and the region. We have of course taken a very strong and active interest in China for some time. A number of our existing members have established offices within the PRC and there is considerable interest from firms within the domestic industry to join AIMA. Our most important educational paper, AIMA’s ‘Roadmap to Hedge Funds’, has been translated into Chinese, while our largest National Group globally, AIMA Hong Kong, has been actively engaged in China for a number of years.
“We are very much looking forward to working more closely with our colleagues at the Asset Management Association of China, and I would like to pay a special tribute to the Chairman of AMAC, Dr Sun Jie, for helping to foster such a warm and collaborative relationship between our two organisations.”
Dr Sun Jie, AMAC Chairman, said: “As the main trade association of China’s asset management industry, AMAC has been developing close cooperative relationships with international counterparts and we are pleased to celebrate our strong relationship with AIMA through the signing of our first international MoU with them.
“In June 2013, the Funds Law was extended to cover non-public funds; and after the ‘nine-points’ policy issued by the State Council, the hedge fund industry in China is facing a historic market opportunity and huge development space.
“Through the signing of this AIMA/AMAC MoU, as well as our co-hosting of the 1st International Hedge Fund Leadership Forum with AIMA, we look forward to jointly building up an exchange platform for onshore and offshore industry participants; and facilitating the sound and sustainable development of the hedge fund industry in China.”
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For media enquiries, please contact:
Christen Thomson, AIMA’s Head of External Affairs
Tel: +44 (0)20 7822 8380
As the global hedge fund association, the Alternative Investment Management Association (AIMA) has over 1,400 corporate members (with over 7,000 individual contacts) worldwide, based in over 50 countries. Members include hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting firms, investors, fund administrators and independent fund directors. AIMA’s manager members manage a combined $1.5 trillion in assets (as of March 2014).
All AIMA members benefit from AIMA’s active influence in policy development, its leadership in industry initiatives, including education and sound practice manuals, and its excellent reputation with regulators worldwide.
AIMA is a dynamic organisation that reflects its members’ interests and provides them with a vibrant global network. AIMA is committed to developing industry skills and education standards and is a co-founder of the Chartered Alternative Investment Analyst designation (CAIA) – the industry’s first and only specialised educational standard for alternative investment specialists. For further information, please visit AIMA’s website, www.aima.org.
The Asset Management Association of China (AMAC) was founded in 2012 as a self-regulatory organization for the asset management industry in the People's Republic of China (PRC) and is a national, industry-oriented and non-profit social organization established in accordance with the PRC Securities Investment Funds Law and the Regulations on the Registration and Administration of Social Organizations.