WEST PALM BEACH, FL (www.hedgeco.net) – The global hedge fund industry should consider adopting a code of conduct standards to help reduce the concern over high risk and transparency questions, whichcontinues to pose challenges for the industry. The Alternative Investment Management Agency, {AIMA} said it would form working groups for discussions on the matter in the coming weeks. The discussionaccording to AIMA will also include a new code aimed at boosting the level of investor confidence in the global hedge fund industry.<\/p>\n
AIMA believes that a code of conduct for the hedge fund industry is better than regulations. The director of AIMA, Emma Mugridge said, “AIMA is going to review the issue of a code of conduct as raised by the FSA.\u00c3\u00af\u00c2\u00bf\u00c2\u00bd Mugridge also said, “We are aware of the increasing importance that regulators attach to this issue and are going to look into it.” Recently the UK Financial Services Authority, {FSA} said that hedge fund activities may help provoke disorderly markets.<\/p>\n
The FSA said that hedge funds are always eager to take big risks in order to improve investor returns. Watson Wyatt recently disclosed that only about 5-10 percent of the world\u00c3\u00af\u00c2\u00bf\u00c2\u00bds hedge fund managers could be described as experienced. While UK Hedge funds are subject to FSA rules, many of those managers are located at oversees low tax jurisdictions such as Cayman Islands.<\/p>\n
AIMA is a global; not-for-profit Trade Association for Hedge Funds, Managed Futures and Managed Currency Funds. Founded in 1990, AIMA is currently celebrating its 15th anniversary. The Association represents the global alternative investment community and provides a centre of knowledge for professional investment practitioners, according to information on AIMA\u00c3\u00af\u00c2\u00bf\u00c2\u00bds website. The organization has a corporate membership in 46 countries.<\/p>\n
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net<\/p>\n
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