AIMA provides key leadership role as industry fights its corner

Mon Mar 23, 2009




At a time when politicians are calling for tighter supervision of hedge funds, AIMA's role in engaging with global regulators and policy-makers appears to be bearing fruit

With the G20 Summit in London in April looming, the threat of some kind of politically-fuelled global crackdown on hedge funds is still very much alive as part of a package of measures to stimulate the world economy and respond to the global financial crisis.

Political rhetoric has reached new extremes in recent weeks, with UK prime minister Gordon Brown - who is hosting the Summit - exhorting the US Congress earlier this month to help him "outlaw shadow banking systems and tax havens" and with leading G20 members like France and Germany also pressing for strict regulation of hedge funds.

But the publication this week of FSA chairman Lord Turner's widely-anticipated Review outlining the proposed regulatory response to the global banking crisis has left...

ISSN: 2151-1845 / CDC10004H

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