New York (HedgeCo.net) – The Alternative Investment Management Association (AIMA), the global hedge fund association, has created the AIMA Smaller Managers’ Group for AIMA’s European hedge fund managers with $250 million or less in assets under management.

“It is well documented that smaller managers in general have faced considerable challenges since the financial crisis.” Andrew Baker, AIMA CEO, said, “But smaller managers are an important source of innovation and fresh ideas. Even today’s giants of the industry started out small.”

“Smaller managers are very important to AIMA. More than half of our manager members globally have $250m or less in assets under management. The reality is that all managers, regardless of size, need the proper regulatory and market infrastructure in order to thrive. As the global hedge fund industry association, AIMA will continue to strive to represent the views of all managers and the industry as a whole.”

The group is expected to meet on a regular basis to discuss issues of common concern including regulatory matters; sound practices; due diligence; interactions with service providers; and business pressures.

The founding AIMA Smaller Managers’ Group held its first meeting earlier this month and appointed Jim Kandunias, Principal of Esemplia Emerging Markets, as its Chair.

Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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