Politics & Regulation

AIMA opposes non-US fund double registration


The Alternative Investment Management Association has expressed its concern about possible dual registration requirements for non-US hedge fund managers, which might result from US legislation currently being debated in Washington.

The industry body believes a manager that is subject to supervisory standards outlined by the G20 – including similar reporting requirements and information sharing to that demanded by the US legislation – should be exempt from additional US registration.

AIMA chairman Todd Groome said that multiple registration “is not only duplicative, but also creates unnecessary administrative costs”. He added: “Such duplicative costs and burdens will act as barriers to entry,