AIMA and MFA form industry alliance


The Washington-headquartered Managed Funds Association is entering into a strategic alliance with its U.K. hedge fund industry counterpart, the London-based Alternative Investment Management Association, to collaborate on key industry initiatives.

The decision by the world’s two leading hedge fund trade associations to work more closely together underlines the effort being made in the hedge fund industry to establish common initiatives and move towards globally-accepted best practices.

The collaboration also comes at a time when hedge fund managers themselves, and key institutional investors in the industry, have taken steps to improve governance and self-regulation within the industry through the Hedge Fund