Politics & Regulation

AIMA responds after ECOFIN agreement on AIFM directive

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AIMA, the global hedge fund industry trade association, has issued a statement in response to today’s agreement by the ECOFIN council of European finance ministers of the text of the highly controversial Alternative Investment Fund Managers Directive.

“AIMA, as the global hedge fund association, has engaged intensively and constructively with European and international policymakers on the Alternative Investment Fund Managers’ Directive since the original draft was published by the European Commission in spring 2009,” said AIMA CEO Andrew Baker.

“At the time, we stressed that we supported much of the Directive, particularly those provisions relating to transparency and involving