20/07/2011 Author: Leah Quinn

Aima launches group for small managers

Hedge fund industry trade body, the Alternative Investment Management Association (Aima), has created a new group for small fund managers, in recognition of the various concerns facing this group, particularly since the financial crisis.

The Aima Smaller Manager’s Group, which covers managers with less than $250m or less in assets under management, will meet on a regular basis to target issues of common concern, ranging from business pressures encountered by smaller managers to regulatory matters.

“It is well documented that smaller managers 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.”

The new group held its first meeting earlier this month, appointing Jim Kandunias, principal of Esemplia Emerging Markets, as chair.