Articles tagged with aima
18/08/2010
The Alternative Investment Management Association (Aima) has urged European Union policymakers to push ahead with reforms of over-the-counter (OTC) derivatives.
The global hedge fund industry association told EU policymakers that the benefits the reforms would bring would outweigh increased costs.
Hedge fund managers would have to bear significant costs associated with administrative and operational changes the reforms would require.
Andrew Baker, Aima CEO, said: “Managers recognise the need for such reforms and will continue to work closely with policymakers to ensure that reforms and new regulations are well thought-out, coordinated and give due
28/06/2010
The Alternative Investment Management Association (Aima) has voiced its support for US financial reform despite concerns over some aspects of the proposed regulation.
"The agreement on Friday by US legislators on financial reform, the Dodd-Frank Bill, is a very significant step in the evolving and broader international regulatory framework., Todd Groome, chairman of the global associated, said in a statement released today. “This is a landmark piece of legislation that, once passed, will represent an important part of the global system of supervision for the financial services industry.”
Groome further expressed the association’s support of the
01/06/2010
The Alternative Investment Management Association (Aima) has hit back at a report recently published by the European School of Management and Technology (ESMT), which states that hedge investors require greater protection from regulator, saying that the study makes “a number of elementary errors”.
The report, which looked at the performance of 1,543 hedge funds over a 10-year period, concludes that many investors will chase performance “at all costs” which could leave them “vulnerable and unprotected”.
“This is exacerbated at the individual fund level by the opacity and lack of regulation of the sector, which already means
14/05/2010
Growing concerns that the EU will push through its controversial hedge fund legislation have prompted a spike in lobbying efforts, including a fresh warning from industry body the Alternative Investment Management Association (Aima).
In a statement released today, Aima chief executive Andrew Baker warned that the consequences of the Directive – criticised most vehemently for its perceived protectionist approach to non-EU jurisdictions – would be much wider than on just the hedge fund and private equity industries. “Real estate and infrastructure investment in Europe would also be impacted because funds in this sector would also be covered
07/05/2010
The Alternative Investment Management Association (Aima) has expressed concern over proposed legislation regarding the dual registration of non-US hedge fund managers in the US, which is currently being considered by the Senate.
“If non-U.S. hedge fund managers are subject to supervisory standards outlined by the G-20 and the US, including similar reporting requirements and agreed information-sharing arrangements, then there should be an exemption from additional US registration for non-US hedge fund managers,” said Todd Groome, chairman of the association.
According to Groome, while Aima is supportive of the goals of the ‘Restoring American Financial Stability
16/02/2010
The Alternative Investment Management Association (Aima) has heaped further criticism on Spain’s version of the Alternative Investment Fund Management (AIFM) Directive, calling its third-country marketing provisions “protectionist”.
In a statement released today, Aima warned that council president Spain’s decision to reinstate Article 35 – a provision potentially preventing EU investors accessing non-EU funds and managers and that had been deleted by the Swedish presidency – as part of its redrafting could “hit” asset managers and investors across the globe.
“Stipulating that these co-operation arrangements must be in place sounds reasonable enough but we are worried that they
13/01/2010
The Alternative Investment Management Association (Aima), the industry trade body playing a front-line role lobbying for change to the AIFM Directive, has drawn up a list of 80 proposed amendments to the current document.
The next few weeks will be a crucial period for the Directive as the document’s parliamentary representative, rapporteur Jean-Paul Gauzes, amends his own draft in line with MEP’s expectations. Gauzes has set a deadline of 21 January for members of the Economics and Monetary Affairs (Econ) committee to submit their proposed changes, and Aima hopes to feed into the process via lobbying a
21/10/2009
Concerns that the Obama Administration’s proposed hedge fund regulations would see some non-US managers with US investment forced into dual-registration will be investigated by an Alternative Investment Management Association (Aima) working group.
The legislation, introduced in July, would require all non-US hedge fund managers with over 10% in US-based investment and/or more than 15 clients to register with the Securities and Exchange Commission (SEC), as well as adhering to their domestic regulations.
“We’re currently evaluating the proposal,” Aima chief executive Andrew Baker told HFMWeek. “We’ll be seeking to find some kind of compromise formula which doesn’t infringe
25/08/2009
More concerns about the AIFM Directive’s potential impact on hedge fund investors were raised today with global consultancy firm Mercer warning that the current proposals could harm investment returns for institutional investors.
The firm said that if the Directive was not “substantially revised” it could result in an “exodus of managers from the EU” and a “dilution of the overall quality of providers”.
Robert Howie, Mercer alternatives researcher, revealed that the firm’s pension fund clients were worried that the proposals would limit their options for achieving returns and diversifying their investment portfolios.
21/08/2009
The Alternative Investment Management Association (Aima) has called on the European Commission to follow the example of the UK’s Financial Services Authority (FSA) and commission an impact assessment of the draft AIFM Directive.
The FSA, the UK’s financial services regulator, has hired global consultancy firm CRA International to conduct a study into the Directive’s likely repercussions for British investors, firms and markets.
Aima chief executive Andrew Baker, who welcomed the FSA’s move in a statement today, said he now hoped that the European Commission will now follow suit at a pan-EU level. “It
