Politics & Regulation

AIMA outlines position on landmark US legislation

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The Alternative Investment Management Association says that the recent agreement by US legislators on financial reform, also known as the Dodd-Frank Bill, is a very significant step in the evolving international regulatory framework.

Once the bill is passed it will represent an important part of the global system of supervision for the financial services industry. Although some of the details and definitions still need clarification, AIMA said it supports parts of the bill related to the registration of hedge fund managers and the periodic reporting by managers to supervisors in the interest of improving their ability to assess