Industry Updates

AIMA: President’s banking proposal is not clear yet, we want to hear more

Friday, January 22, 2010

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Opalesque Industry Update - “We look forward to learning further details of the President’s banking proposals, because many of the specifics are not yet clear. Although the proposals could create welcome opportunities for the global hedge fund industry we are concerned about the possibility of liquidity in markets being reduced and the prime broker relationship being adversely affected.

“The global hedge fund industry offers strong risk controls and has embraced transparency, both to investors and to the supervisory authorities. There is an alignment of interests between investor and manager in our industry that promotes sustainable and successful investment. That is why major institutional investors such as pension funds are increasing their allocations to the industry and why the industry is once again receiving net inflows.

“With the global hedge fund industry enjoying its best returns for a decade it can look forward to the future with confidence.”

Andrew Baker, CEO, AIMA

As the only truly representative global hedge fund association, AIMA, the Alternative Investment Management Association, has more than 1,100 corporate members (with over 4,500 individual contacts) worldwide, based in over 40 countries. AIMA is a dynamic organisation that reflects its members’ interests and provides them with a vibrant global network. AIMA is committed to developing industry skills and education standards and is a co-founder of the Chartered Alternative Investment Analyst designation (CAIA). www.aima.org.

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