Politics & Regulation

AIMA backs removal of ban on US hedge fund advertising


The Alternative Investment Management Association has come out in favour of the elimination of the ban on general solicitation and advertising by hedge fund managers in the US. But it has also specified that only accredited investors should continue to be allowed to invest in hedge funds.

AIMA expressed its views in its response to the US Securities and Exchange Commission (SEC) ahead of the SEC’s implementation of the JOBS (Jumpstart Our Business Start-ups) Act. The association said it supported the legislation’s purpose of improving access to capital and enhancing economic growth by reducing unnecessary regulatory burdens.