Time to fly the flag again for smaller managers (Magazine Version)


It's not only the big guys who matter

Nick Evans
The formation by global hedge fund association AIMA of a dedicated forum for smaller managers is a welcome and important step. It serves as a timely reminder that the hedge fund industry is not — and never has been — about just a small number of large managers. It is a business whose diversity, dynamism, spirit of entrepreneurialism and continual capacity for reinvention and renewal are among its greatest strengths and assets.

For all its excellent intentions and largely laudable work, the Hedge Fund Standards Board has sometimes given the impression that only