Komfie Manalo, Opalesque Asia: Australia’s hedge fund industry is growing very strongly that a number of international hedge fund managers are looking to establish operations there, said Jack Inglis, CEO of global hedge fund industry association Alternative Investment Management Association (AIMA).
Inglis said in a statement. "Australia is growing strongly, with local AIMA membership having grown over 25 percent in the last 18 months. This reflects the region’s depth of hedge fund talent, tenacity and investor engagement."
He added, "Since its Investment Manager Regime (IMR) was legislated earlier this year, we understand that a number of hedge fund management firms based internationally have been considering establishing operations in Australia. The certainty and clarity provided by IMR allows commercial considerations to be explored more fully, which is enormously encouraging for industry growth.
"We look forward to representing an increasingly diverse, dynamic and thriving hedge fund community in Australia and to working with regulators and industry leaders to ensure this community can achieve its full potential for investors."
Inglis made the statement ahead of the 2015 AIMA Australia Hedge Fund Forum to be held next week, which will discuss how the hedge fund sectors are evolving around the world, as well as the rise and implications of alte...................... To view our full article Click here
|