18/07/2011 Author: Leah Quinn

Aima creates smaller manager forum

Aima creates smaller manager forum<br />
The Alternative Investment Management Association (Aima) has created a new group for fund managers in Europe with $250m or less in assets under management, in recognition of the various concerns smaller managers face in the industry, particularly since the financial crisis.

The Aima Smaller Manager’s Group, which will meet on a regular basis to target issues of common concern, ranging from business pressures encountered by smaller managers to regulatory matters , held its first meeting earlier this month, appointing Jim Kandunias, principal of Esemplia Emerging Markets, as chair.

“It is well documented that smaller managers in general have faced considerable challenges since the financial crisis,” said Andrew Baker, CEO of Aima, in a  statement.. “But smaller managers are an important source of innovation and fresh ideas. Even today’s giants of the industry started out small.”

Jim Kandunias added: “Our industry and its future growth depend on a healthy and vibrant group of smaller managers. The establishment of the AIMA Smaller Managers’ group is a clear recognition of the importance AIMA places on this. It is both an honour as well as a privilege to be part of this exciting and very important AIMA initiative”.

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