AIMA

23 June 2009

The Alternative Investment Management Association (AIMA) – the global hedge fund industry association – has announced its support for the financial regulatory reform proposals put forward by the US Treasury.

The proposals include both the registration of all hedge fund managers whose assets under management exceed a certain threshold and the regular reporting of information relevant to financial stability.

Todd Groome, AIMA Chairman, said, “On February 24th, we announced our policy platform that included our support both for the registration and authorisation of hedge fund managers, and the provision of systemically relevant information by larger hedge fund managers to their supervisors.

We came out in favour of these principles early, since we believed it was important to show our commitment to work with policy makers and supervisors in the broader interest of financial stability. We wanted to continue to demonstrate to the G20 and national authorities that the hedge fund industry was serious about working closely with them to meet the objectives previously outlined by the G20.

We welcome the broad-based principles on regulatory reform produced by the Administration, and we believe that the proposals relating to hedge funds are closely aligned with our own policies announced in February.

We now look forward to working with our members and other industry associations such as the MFA as US lawmakers consider forthcoming legislation, and subsequently working with the supervisory authorities as they look to implement such legislation.”

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For media enquiries, please contact Christen Thomson, AIMA Director of Communications, on +44 (0)2078228380; email – cthomson@aima.org

Editors’ Notes:

About AIMA
As the only truly representative global hedge fund association, AIMA, the Alternative Investment Management Association, has more than 1,100 corporate members worldwide, based in 40 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.
 

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