AIMA Welcomes Ecofin Conclusions |
Date: Wednesday, May 9, 2007
Author: Press Release
In particular, AIMA welcomes ECOFIN’s acknowledgment
that hedge funds add significantly to fostering the efficiency of the financial
system and notes that the so-called ‘indirect supervision’ and development of
hedge funds’ risk management systems have so far enhanced resilience to systemic
shocks.
AIMA reinforces the fact that European hedge fund
managers and their counterparties are already fully regulated while also
recognising the need for investor protection where hedge funds are available to
the European retail market.
AIMA looks forward to continuing its work with the EU
Institutions on these issues and their forthcoming discussion at June's European
Council in
Editors Note:
About AIMA
As the only truly representative
global hedge fund association, AIMA, the Alternative Investment Management
Association, has over 1,100 corporate members worldwide, based in 47
countries.
Members include leading hedge fund
managers, fund of hedge funds managers, prime brokers, legal and accounting
services and fund administrators. They all benefit from AIMA’s active influence
in policy development, its leadership in industry initiatives, including
education and sound practice manuals and its excellent reputation with
regulators, worldwide.
AIMA is a dynamic organisation that
reflects its membership’s 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) – the industry’s first and
only specialised educational standard for alternative investment specialists.
For further information, please visit AIMA’s website www.aima.org