“We welcome the communiqué from the G20 Finance Ministers. AIMA, as the trade body for the global hedge fund industry, has already announced its support both for the authorisation and regulation of hedge fund managers worldwide with their national regulators, and for the disclosure of systemically significant information.
This is an endorsement of the industry leadership displayed by AIMA when we put out the new policy platform on 24th February that featured a series of major proposals to increase transparency. We are pleased that these proposals are reflected in this communiqué.
We are also glad that the G20 made reference in their Progress Report on the Washington Action Plan to the global initiative on the convergence of hedge fund industry standards by AIMA, the Managed Funds Association (MFA) and the members of the Asset Managers Committee established by the President’s Working Group on Financial Markets.
Our three groups, which represent the great majority of hedge fund managers globally, are working towards a common set of principles to take this process forward, which is a major step forward by the industry worldwide.”
Andrew Baker, Chief Executive of AIMA
London, 16th March 2009
For media enquiries, please contact Christen Thomson, AIMA Director of Communications, on +44 (0)2078228380; email – cthomson@aima.org
About AIMA
As the only truly representative global hedge fund association, AIMA, the Alternative Investment Management Association, has more than 1,200 corporate members worldwide, based in 43 countries.
Members include leading hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting firms 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 members’ 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.
