Beverly Chandler, Opalesque London: Continuing in their drive to extoll the virtues of hedge funds, The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has published a German-language educational paper about the social and economic value provided by the hedge fund industry. The German version of the AIMA paper can be downloaded here while the English language version is here.
AIMA’s paper stresses the financial stability benefits that hedge funds provide to financial markets and highlights the fact that hedge funds increasingly are performing an important social role by managing investments for pension funds, university endowments, charitable foundations and other socially-important institutional investors.
The paper includes the trade association’s estimate that there are 50,000 people employed directly or indirectly by the hedge fund industry in Europe – the first such statistic of its kind produced, AIMA says – and 300,000 worldwide.
AIMA CEO Andrew Baker said: "When people in Germany and elsewhere across Europe ask what social value is provided by Europe’s hedge fund industry, they are asking a perfectly legitimate question. And our answer to that question is really very simple. Not only is......................
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