We are delighted to share the 125th edition of the AIMA Journal, the first publication for 2021. As the world looks ahead to a potential exit from the current pandemic, we are pleased to bring you a collection of in-depth articles on some of the most pressing matters concerning the alternative investment industry.  This bumper edition boasts no fewer than 21 articles from members and sponsoring partners.  We are extremely grateful to all the contributors and their excellent insights within.