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AIMA and Hedge Fund Standards Board to cooperate


Date: Wednesday, January 23, 2008
Author: Opalesque.com

The Alternative Investment Management Association (AIMA) welcomes the publication of the ‘Best Practice Standards and their Future Development’ Report published by the Hedge Fund Working Group (HFWG) in the UK.

AIMA and the Hedge Fund Standards Board (who will own the Standards) will work to mesh the standards with AIMA’s materials seamlessly over time.

AIMA strongly endorses the Group’s desire to see convergence of various hedge fund standards. AIMA is committed fully to lead the industry in these global efforts while not underestimating the challenges in doing so.

AIMA will consult with its members on the evolution of the standards by the HFSB and may develop guidance on them, if required by its members and investors.

A sheet summarizing the guidelines can be downloaded here:

http://hfsb.org/sites/10109/files/hfsb_(only_standards).pdf