AIMA Nods in Agreement With Industry's Stance on use of Non-Public Information

Date: Monday, December 18, 2006
Author: Village.Albourne.com

Hedgeweek reports that the Alternative Investment Management Association has welcomed a joint statement on the communication and use of material non-public information from a number of leading financial investment industry trade organisations, and says it plans to issue a guidance note to hedge fund managers on this subject.

The statement reaffirms the signatories' commitment to ensuring that no inappropriate use of non-public material information is tolerated and that all investment and trading activities are carried out to the highest ethical standards.

The statement was signed by the Asia Pacific Loan Market Association, the American Securitization Forum, the Asian Securities Industry and Financial Markets Association, the European High Yield Association, the European Securitisation Forum, the International Association of Credit Portfolio Managers, the International Swaps and Derivatives Association, the Loan Market Association, the Loan Syndications and Trading Association, the London Investment Banking Association, the Managed Funds Association, and the Securities Industry and Financial Markets Association.