AIMA responds to US financial reform bill, G20

Thu Jul 1, 2010

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AIMA, the international trade association for the hedge fund industry, has issued a detailed statement in response to the agreement of the US financial reform bill by US lawmakers at the end of last week.

Chairman Todd Groome said: "AIMA, as the global hedge fund association, has worked throughout the past two years with US and other national and international policy officials and supported efforts to develop regulatory reforms designed to improve financial stability in light of the financial crisis.

"Our industry did not cause the crisis, and was as negatively impacted as any sector. Nevertheless, as a mature industry, representing investment managers and other professionals throughout this global industry, we have acted to support improvements in our regulatory framework and in financial stability.

"In our policy platform of February 2009, we expressed support for the registration of hedge fund managers and the reporting by managers of systemically relevant information...

ISSN: 2151-1845 / CDC10004H

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