AIMA

The Alternative Investment Management Association

Alternative Investment Management Association Representing the global hedge fund industry

AIMA Publishes Business Continuity Guide for Hedge Fund Managers

16 June 2006

London, 16 June 2006:  The Alternative Investment Management Association (AIMA) - the largest global body representing the hedge fund industry – has issued a new publication to its member companies: ‘AIMA’s Guide to Sound Practices for Business Continuity Management for Hedge Fund Managers’.

With the growing use of hedge funds by institutional investors, fund managers are now required to build, test and review their contingency plans to identify any threats to the smooth operation of their business.

Others, including Regulators, also expect managers to have contingency plans in place to allow the continued management of investor’s money in a reliable and effective way, despite any threat to the fund’s operation.  This will also be a requirement under MiFID (the Markets in Financial Instruments Directive, an EU wide directive that comes into force in November 2007).

AIMA, the hedge fund industry’s leading global association, has responded to this need by producing a comprehensive guide to business continuity and crisis management. Available to AIMA members only, the guide has been specifically written for hedge fund managers, based on an understanding of investor requirements and regulatory expectations.

Commenting on the new guide, Florence Lombard, Executive Director of AIMA said, “Like any other part of the financial services industry, hedge fund managers are affected by disruption and emergency. This is particularly relevant when managers are based in major financial centres, where the threat of terrorism is real and/or where the transport system and power supply play a crucial role.

It is now imperative that financial services companies have a tested business continuity management plan in place to ensure the preservation of essential data and functions and a timely resumption of their investment activities and services.

We hope that this guide, aimed at and designed for small - medium size hedge fund managers employing between 5 to 50 people, will act as a practical tool and stimulate them into ensuring their own plans are robust.”

The guide covers the key topics of:

  • Identification of risk
  • Identification of systems, processes and the other information that make up the enterprise
  • Definition of recovery requirements
  • Development of recovery plans
  • Testing and providing the plans to ensure they work
  • Maintenance and updating of the plan.

The Guide is a benefit of membership and is freely available to all AIMA member companies for internal consumption.

- Ends -

For further information, please contact Eoin Brophy, Hume Brophy Communications on +353 86 851 5477


Editors’ Notes

1. About AIMA

Founded in 1990, AIMA is a not-for-profit global trade association with corporate membership in 46 countries.  AIMA focuses specifically on hedge funds, managed futures and managed currency funds.  With 1000 corporate members (comprising 3500 individuals), this enables the Association to create global tools for the benefit of its members, institutional investors and regulators. Its objectives are to increase investor education, transparency and promote due diligence and related sound practices, and to work closely with regulators and interested parties in order to promote the responsible use of alternative investments. AIMA’s membership includes fund of funds managers, institutional investors, hedge fund managers, prime brokers, exchanges, fund administrators, auditors, lawyers and other specialist service providers. Please visit us at www.AIMA.org.

 

 
 
Back to Listing

Main Menu

  1. Home
  2. About
    1. Our Core Objectives
    2. AIMA's Policy Principles
    3. Meet the team
    4. AIMA Council
    5. Global Network
    6. Sponsoring Members
    7. Global Partners
    8. FAQs
    9. Opportunities at AIMA
      1. Analyst, Tax Affairs
  3. Join AIMA
    1. Benefits of Membership
    2. Membership Fees
    3. Application form
  4. Members
    1. AIMA Annual Reports
    2. AIMA Governance
    3. AIMA Logo
      1. Policy note
    4. AIMA Members' List
    5. AIMA Review of the Year
    6. Committees and Working Groups
    7. Weekly News
    8. Update Profile
  5. Investors
    1. AIMA Investor Services
    2. AIMA Members' List
    3. Investor Steering Committee
    4. Update Profile
  6. Regulation
    1. AIMA's Policy Principles
    2. Asset Management Regulation
      1. EU Asset Management Regulation
        1. AIFMD
        2. European Capital Markets Regulation
        3. MiFID / MiFIR
        4. UCITS
          1. ETFs and Structured UCITS
        5. Venture Capital
      2. US Hedge Fund Adviser Regulations
        1. Registration and Reporting
        2. Incentive-Based Compensation
        3. JOBS Act
      3. Asia Pacific Asset Management regulation
      4. Other Jurisdictions’ Asset Management Regulation
      5. Regulation of NBFCs / SIFIS
      6. Supervision
        1. UK regulatory reform
        2. European Supervisory Authorities
        3. US Self-Regulatory Organisations
      7. Remuneration
        1. UK
        2. US
        3. CRD IV and CRR
        4. AIFMD
        5. MiFID
      8. Shadow Banking
      9. Volcker Rule
      10. Other
    3. Markets Regulation
      1. Bank/Capital Regulation
        1. Capital Requirements Directive
        2. EU Bank Structural Reforms
      2. Derivatives/Clearing
        1. EMIR
        2. MiFID / MiFIR
        3. MAD / MAR
        4. Dodd-Frank Act Title VII
        5. Hong Kong
        6. IOSCO
        7. Singapore
      3. High Frequency Trading
        1. ESMA Guidelines
        2. MiFID / MiFIR
        3. MAD / MAR
        4. Flash Crash
        5. IOSCO
        6. Germany
        7. CFTC Automated Trading
      4. Insurance Regulation
        1. Solvency II
      5. Market Abuse
        1. MAD / MAR
        2. Indices as Benchmarks
      6. Position Limits
        1. MiFID / MiFIR
        2. CFTC Position Limits
      7. Resolution of Financial Institutions
        1. Europe
          1. EU Bank Recovery and Resolution Directive
          2. EU Non-Bank Recovery and Resolution
        2. CPSS-IOSCO
        3. Financial Stability Board
        4. UK
        5. USA
      8. Short Selling
        1. EU Short Selling Regulation
        2. Hong Kong Short Selling Regulation
        3. US Short Selling Regulation
        4. Short Selling Bans
      9. Securities Settlement
      10. Shadow Banking
        1. International Shadow Banking
        2. EU Shadow Banking
      11. Trading
        1. MiFID / MiFIR
        2. Dodd-Frank Act
    4. Tax Affairs
      1. EU Savings Directive
      2. FAIFs and FINROFs
      3. FATCA
      4. FIN 48 and IAS 12
      5. Financial Transaction Tax
      6. Investment Manager Exemption
      7. UK Offshore Funds Regime
      8. Other
    5. Search
    6. Resources
      1. Guidance Notes
      2. Jurisdictional Guides
      3. Noticeboard
        1. FATCA
        2. Other Hot Asset Management Topics
        3. Other Hot Markets Topics
        4. UK Partnership Tax Review
        5. Volcker Rule
      4. Hedge Fund Manager Training
      5. Quarterly Regulatory Update
      6. Webinar Programme
  7. Education
    1. AIMA Journal
      1. Search AIMA Journal articles
      2. AIMA Journal Archive
    2. ‘Capital Markets and Economic Growth – Long-Term Trends and Policy Challenges'
    3. AIMA/KPMG reports on state of global hedge fund industry
    4. Roadmap to Hedge Funds
    5. Guides for institutional investment
    6. Industry-standard DDQs
    7. Sound Practices
    8. Industry Guides
    9. CAIA
      1. FAI
    10. Services to Start-up Managers
    11. Useful Websites
    12. 'The Alternative Answer'
    13. Glossary
  8. Events
    1. AIMA Events
    2. Industry Events
  9. Media
    1. Press Releases & Statements
    2. Media Coverage
      1. Articles by AIMA
        1. Archive
      2. Television interviews
    3. Media Contacts
    4. Press Materials