Alternative Investment Management Association Representing the global hedge fund industry
13 December 2006
London, 13 December 2006: The Alternative Investment Management Association (AIMA), the leading global trade association for hedge funds, today welcomed the Joint Statement on the communication and use of Material Nonpublic Information, agreed and signed by a number of US led investment industry trade organisations.
The Statement reaffirms the signatories common commitment to ensure that any inappropriate use of nonpublic material information is not tolerated and that all investment and trading activities are carried out to the highest ethical standards.
AIMA supports this initiative and the objectives behind the Joint Statement.
Commenting, Florence Lombard, Executive Director of AIMA said, “This is a vital issue for the investment community, to allow it to retain the confidence of investors, regulators and other interested parties. We are committed to a healthy and properly regulated market.
AIMA will shortly be issuing a guidance note specifically tailored for hedge fund managers on this subject”.
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For further information, please contact Eoin Brophy, Hume Brophy Communications on +353 (0) 86851 5477.
1. About AIMA
Founded in 1990, AIMA is a not-for-profit global trade association with corporate membership in 47 countries, including over 530 member companies in Europe. AIMA focuses specifically on hedge funds, managed futures and managed currency funds. More than 1100 corporate members (comprising 3500 individuals) enable 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.