AIMA and BAI in cooperation agreement
Published: 04 December 2017
The Alternative Investment Management Association (AIMA), the global representative of alternative investment managers, and Bundesverband Alternative Investments (BAI), the German-based advocacy association for alternative investments, have struck a cooperation agreement that includes a commitment to jointly engage with policymakers and regulators in the European Union and globally on issues of interest to their respective memberships.
Included in the agreement is work relating to the Alternative Credit Council (ACC), the AIMA affiliate body that represents asset management firms in the private credit and direct lending space.
The agreement builds on the increasingly close cooperation between the two associations. The BAI and AIMA, for example, held joint meetings with Brussels policymakers during the recent European Supervisory Authorities (ESA) Review.
The associations also collaborated on an event in Frankfurt in November to mark the German launch of “Financing the Economy 2017”, a report about the global private credit sector recently published by the ACC and Dechert, the law firm.
Jack Inglis, CEO, AIMA, said: "This agreement with the leading German-based association for alternative investments underlines our commitment to working with other associations to protect the interests of our current and future EU members. We have already engaged together on a number of policy initiatives and events, and we hope to continue to build on this success. Our partnership with BAI means we will be even more active and effective in Germany and across the EU."
Frank Dornseifer, Managing Director of BAI, said: “The integration of financial markets in Europe has made significant progress and will conclude in the Capital Markets Union. As a result, our members and institutional investors in Germany are adapting their investment strategy. Our cross-asset and cross-product approach has become a cross-border approach, as was evident during the AIFMD implementation. By strengthening our longstanding cooperation with AIMA via a reciprocal membership arrangement, our members and, ultimately, their investors can benefit from synergies in research, education and advocacy at both a European and international level.”
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AIMA, the Alternative Investment Management Association, is the global representative of the alternative investment industry, with more than 1,900 corporate members in over 50 countries. AIMA’s fund manager members collectively manage more than $2 trillion in assets. AIMA draws upon the expertise and diversity of its membership to provide leadership in industry initiatives such as advocacy, policy and regulatory engagement, educational programmes and sound practice guides. AIMA works to raise media and public awareness of the value of the industry. AIMA set up the Alternative Credit Council (ACC) to help firms focused in the private credit and direct lending space. The ACC currently represents over 80 members that manage $300 billion of private credit assets globally. AIMA is committed to developing skills and education standards and is a co-founder of the Chartered Alternative Investment Analyst designation (CAIA) – the first and only specialised educational standard for alternative investment specialists. AIMA is governed by its Council (Board of Directors). For further information, please visit AIMA’s website, www.aima.org.
The Bundesverband Alternative Investments e.V. (BAI) is the advocacy association for the alternative investments industry in Germany. The BAI links German institutional investors and recognized providers of alternative investment products worldwide. Our goal is to enhance the environment for German professional investors when diversifying their financial assets into alternative investments, especially as many of those investors are responsible for safeguarding long-term retirement pensions. Another objective of the association is to increase public awareness and understanding of alternative asset classes and strategies. The BAI maintains an active dialogue with political institutions as well as supervisory bodies. Furthermore, the BAI cooperates with various national and international organizations and industry associations by advocating for legal reforms to design an attractive and competitive regulatory environment for the alternative investments industry in Germany. At present, BAI counts 190 members from all areas of the professional Alternative Investments industry. You might find information about BAI and its Members on our website www.bvai.de.