Fri, May 24, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
Industry Updates

AIMA calls for flexibility and diversity in the AIFM

Monday, January 17, 2011
Opalesque Industry Update - AIMA, the Alternative Investment Management Association, has called for the implemented form of the Alternative Investment Fund Managers Directive (AIFMD) to be flexible, proportionate and based on the principles of openness and transparency.

In a consultation response sent to the European Securities and Markets Authority (ESMA), AIMA’s Jiri Krol, director of policy and government affairs said: “We welcome the opportunity to engage constructively in AIFMD implementation and are happy that ESMA is taking stakeholder consultation extremely seriously. We commend the high level of their professionalism in this complicated process with tight deadlines.”

AIMA said it hoped that ESMA would implement the AIFMD in such a way as to take account of one of the most striking features of the hedge fund sector – its great diversity.

“Flexibility, proportionality and openness are three key features which the regulation should retain if it is to succeed in delivering the policy objectives while preserving the existing breadth of business models and strategies,” said Krol.

AIMA pointed out that while some of the larger hedge fund firms may employ several hundred staff and manage over US$10 bn, the majority are smaller businesses, with much fewer staff and managing assets of less than US$1 bn in many cases.

bc

Article link

What do you think?
   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
Today's Exclusives Today's Other Voices Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Endurance Series Trust launches first mutual fund, multi-series trust[more]

    Bailey McCann, Opalesque New York: Endurance Series Trust, a multi-series trust, is launching with Gator Capital Management, LLC as the adviser for the Trust’s first mutual fund series. Endurance Fund Services, LLC, an independently owned and operated fund administration company will serve as t

  2. Morgan Creek Capital Management to acquire Signet Capital Management[more]

    Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek

  3. North America – Students are launching hedge funds on colleges across America[more]

    From Valuewalk.com: …From Cornell, whose student-run hedge fund beat Wall Street returns to the University of Michigan, which allows its students to manage as much as $250,000, student hedge fund are becoming a more prominent part of financial education. Their success has attracted the attention of

  4. Comment – Can hedge funds survive Bernanke?[more]

    From Bloomberg.com: …The biggest reason for the market tranquility might be the Federal Reserve's repeated assurances that it will maintain zero interest rates and provide monetary stimulus until the economy recovers, and unemployment ebbs. That may just account for the recent flurry of storie

  5. A SQUARE 21 Sep 2012: Analysis: London-based Wine Asset Managers LLP sees good fundamentals for entering the investment-grade wine market. Fund profile: St. Louis, Missouri-based alternative asset manager Xiling Group specializes in Chinese treasures and enhances asset value through museum exhibitions.
Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. New Zealand
  2. Aspiring
  3. wine investment
  4. Commodity Strategies
  5. Penrich
  1. managed account
  2. man group
  3. Ucits
  4. asian hedge fund
  5. launch