Alternative Investment Management Association
26 February 2009
The Alternative Investment Management Association (AIMA), the leading industry body for the global hedge fund industry, will participate in a high-level conference on Private Equity and Hedge Funds organised by the European Commission, taking place on 26th and 27th February in Brussels.
The second day of the conference will examine hedge funds and will bring together representatives of the hedge fund industry, investors, members of the regulatory community and other experts to consider emerging policy issues.
AIMA is represented by Florence Lombard, Executive Director, and Christopher Fawcett, former AIMA chairman and Managing Partner of Fauchier Partners, who will speak on issues such as financial stability, risk management, investor protection, and transparency.
The conclusions from these discussions, coupled with the results of an ongoing public consultation on hedge funds, will feed in to the European Commission's review of the supervisory and regulatory framework for all financial market actors in the context of the global financial crisis.
AIMA recently announced a new policy platform featuring a major transparency initiative, with the association saying it would support the principle of full transparency and supervisory disclosure of systemically significant positions and risk exposures by hedge fund managers to their national regulators. Other key new strands of the platform include an aggregated short position disclosure regime to national regulators, support for new policies to reduce settlement failure (including in the area of naked short selling), a global manager-authorisation and supervision template based on the model of the UK’s FSA and a call for unified global standards for the industry.
In its recent response to the European Commission’s Consultation Paper on Hedge Funds AIMA called for a global response to the current crisis; stressed that the hedge fund industry in Europe is currently rigorously regulated; and argued that the hedge fund industry has responded in an orderly way to the current crisis and has not triggered any systemic risks.
Florence Lombard, Executive Director of AIMA, said, “AIMA is dealing with policy makers and regulators at a national, European and international level on the future regulatory framework of the hedge fund industry. We look forward to working with the Commission and other bodies to achieve consensus on these major issues and we believe the active cooperation and leadership we are providing on behalf of the industry will prove helpful.
We think the hedge fund industry is part of the solution, not part of the problem. Because of the essential role that hedge funds play in providing liquidity to capital markets, they will actually play an important role in assisting any eventual recovery.”
For media enquiries, please contact Christen Thomson, AIMA Director of Communications, on +44 (0)2078228380; email – email@example.com
About the Alternative Investment Management Association (AIMA)
As the only truly representative global hedge fund association, AIMA, the Alternative Investment Management Association, has more than 1,200 corporate members worldwide, based in 43 countries.
Members include leading hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting firms and fund administrators. They all 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.