Alternative Investment Management Association

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Alternative Investment Management Association
Founded 1990
Headquarters London
Products Not-for-profit trade association for alternative investment professionals
Web site http://www.aima.org

AIMA is the not-for-profit trade association created in 1990 and headquartered in London to represent the world’s alternative investment community, address issues affecting the industry’s development, and create a center of knowledge for professional investment practitioners.

Background

Members come from 47 countries on five continents, with some countries having specific chapters.

The UK holds the greatest number of alternative investment practitioners in Europe and, thus, is one of AIMA’s most pro-active membership groups. The regulatory activity is substantial, with AIMA co-ordinating industry responses to multiple discussion papers and consultation papers from the regulator and the Inland Revenue. Topics include taxation of UK investment into off-shore funds, short-selling, on-shore hedge fund regulation, and bundled services and soft commissions.

The AIMA USA membership profile is focused mainly on those companies with an international product range and view. AIMA does not currently see a role for itself in lobbying government and regulators in the US for the US community. However, AIMA is against the need for dual registration by non-US managers regulated in their own jurisdictions and maintains dialogue with the SEC for this large group.

Research/Journal

A good portion of AIMA's Web site is password protected for use of their members, investors, and regulators, but there is substantial research online and the AIMA Journal that is readily accessible by all site visitors, regardless of membership affiliation.[1]

Educational Guide for Hedge Funds

In 2008, the Alternative Investment Management Association has announced that its Investor Steering Committee (“ISC”) will publish the world’s first collaborative educational guide for hedge fund investors.

The guide, which is being developed in association with the Chartered Alternative Investment Analyst Association (CAIAA) will be authored by UBS’s Alexander Ineichen, supported by Kurt Silberstein of the California Public Employees’ Retirement Systems (“CalPERS”). It is the first global effort between investors and the hedge fund industry, and "will provide access to meaningful and practical information on the nature and activities of the hedge fund industry – including information on hedge fund strategies, performance data, investment processes, and industry and business dynamics."

Key People

The Association is managed by a team of eleven in London (AIMA's headquarters), three in Canada, Hong Kong and Singapore. They work with the Council, Chapters and national Members' Groups, AIMA’s specialist global Committees and directly with member companies to develop the Association’s activities around the world.

References

  1. AIMA resources. AIMA.