Alternative Investment Management Association Representing alternative asset managers globally
11 October 2007
London, 11 October 2007: The Alternative Investment Management Association (AIMA), the leading global hedge fund and alternative investment industry association welcomes the consultation paper released yesterday by the UK Hedge Fund Working Group.
AIMA believes that the initiative represents a substantial undertaking by a number of the UK’s largest hedge fund managers, most of whom are also AIMA members.
The initiative builds upon and is a welcome endorsement of the substantial body of work that AIMA has developed with and for the hedge fund industry in the UK and internationally over the last 10 years.
The group’s emphasis on developing key areas such as risk management and disclosure is also seen by AIMA as extremely timely and of particular importance.
AIMA believes it is vital that all key stakeholders – including AIMA’s members and investors - review its content and make use of the opportunity to comment to the Hedge Fund Working Group on the report’s recommendations.
Andrew Baker, Deputy CEO at AIMA commented: “AIMA looks forward to responding to this document and working with the UK Hedge Fund Working Group on the areas outlined.”
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For further information, please contact Eoin Brophy or Evan DeBarra, Hume Brophy Communications on +44 (0)20 7499 8736.
1. About AIMA
As the only truly representative global hedge fund association, AIMA, the Alternative Investment Management Association, has over 1260 corporate members worldwide, based in 47 countries.
Members include leading hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting services 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 membership’s 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