Alternative Investment Management Association Representing alternative asset managers globally
AIMA, the Alternative Investment Management Association, is the global representative of the alternative investment industry, with more than 1,700 corporate members in over 50 countries. AIMA has an active influence in policy development and provides leadership in industry initiatives such as educational programmes and areas of sound practices. AIMA has developed long-term relationships with regulators worldwide and has built a close collaboration with many investors in alternative funds.
AIMA provides a vibrant global network for its members. Its primary membership is drawn from the alternative funds industry whose managers pursue a wide range of modern asset management strategies. AIMA’s manager members collectively manage more than $1.5 trillion in assets.
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.
AIMA is governed by its Council (Board of Directors).
Notable dates in our history:
1990 – The forerunner to AIMA, the European Managed Futures Association (EMFA), was formed. By the end of that year, our members managed around $29bn in assets, versus a total industry size of $39bn globally. As EMFA’s name suggested, managed futures funds were then the core activity of the association’s membership, although hedge funds and currency funds were included.
1992 – We launched the first member publication, the EMFA Newsletter, the forerunner to the AIMA Journal. Regulation and tax soon became key interests.
1997 – In the year of the Asian financial crisis we became the Alternative Investment Management Association (AIMA), recognising the broadened industry. Meanwhile the AIMA Journal replaced the EMFA Newsletter.
1997 - The first of the AIMA illustrative due diligence questionnaires (DDQs) was launched this year, going on to become the industry-standard DDQ. AIMA's library of DDQs now covers the selection of hedge fund managers; CTAs; fund of hedge funds managers; prime brokers; clearing members; administrators; and individual hedge fund directors.
1999 – We launched our first National Group in Hong Kong.
2000 – AIMA had over 250 corporate members.
2001 – We launched National Groups in Australia and Japan.
2002 – AIMA co-launched the CAIA qualification with the Center for International Securities and Derivatives Markets (CISDM). Regulation as a focus was firmly staying and our website included a regulation and tax section for the first time.
2003 - We launched National Groups in Canada and South Africa.
2004 - We launched a National Group in Singapore.
2005 – At the time of our 15th anniversary, we had 870 corporate members (over 3,000 individual contacts) in 46 countries. Our Council grew to 19 members. Our manager members’ AUM reached $1 trillion. Membership had become more global and fully reflective of industry interests.
2006 - We launched a National Group in the Cayman Islands.
2007/8 – The global financial crisis shook everyone in the financial sector and as the hedge fund industry declined in size, so did AIMA. Our corporate membership fell from 1,300 in 2007 to 1,170 in 2009.
2010 – The industry recovered, growing to $1.5 trillion in AUM. Our membership grew again to over 1,200 firms.
2011 - Our offering to members was boosted by the creation of a Government and Regulatory Affairs department.
2012 – We opened an office in New York.
2015 – 25th anniversary: At this point in our history, we had over 1,500 corporate members, 8,500+ individuals, in over 50 countries.
2016 – We opened an office in Shanghai.