Alternative Investments Management Association

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Alternative Investment Management Association
The alternative investment management assocation logo.jpeg
Founded 1990
Headquarters London
Key People Jack Inglis, Chief Executive Officer
Employees <40
Twitter @AIMA_org
LinkedIn Profile
Website www.aima.org
Releases Company News

The Alternative Investment Management Association (AIMA) is a global representative of the alternative investment industry. Founded in 1990, AIMA is a not-for-profit organization that aims to provide leadership and advocacy in the field of alternative investments, including hedge funds, private credit, and other asset classes beyond traditional stocks and bonds.

AIMA was established to address the unique needs and challenges of the alternative investment industry. Over the years, it has grown to become a prominent global organization, with members from over 60 countries, including fund managers, institutional investors, service providers, and other industry professionals.

AIMA's mission is to promote the growth and development of the alternative investment industry while maintaining high standards of professionalism and ethics. The association's activities are focused on the three main areas of advocacy and lobbying, research and education and networking and collaboration.

AIMA works with regulatory bodies and policymakers around the world to ensure that the regulatory framework for alternative investments is fair, efficient, and effective. The association advocates for policies that promote market integrity and investor protection.[1][2][3]

AIMA conducts research on issues relevant to the alternative investment industry and publishes reports, guides, and best practice recommendations. It also provides educational programs and events to help industry professionals stay informed about the latest trends, developments, and regulatory changes.

The association offers a platform for members to network, exchange ideas, and collaborate on common interests. AIMA hosts conferences, seminars, and workshops that bring together industry leaders and experts to discuss issues facing the alternative investment sector.

History[edit]

Formation and Early Years[edit]

The origins of the Alternative Investment Management Association (AIMA) trace back to 1990, with the establishment of its forerunner, the European Managed Futures Association (EMFA), in London. Initially, EMFA's membership primarily consisted of managed futures funds, although hedge funds and currency funds were also represented. By the end of 1990, EMFA's members managed approximately $29 billion in assets, nearly three-quarters of the global industry's total assets of $39 billion. The association's first head office was located at the International Petroleum Exchange in London.[4]

Development and Expansion[edit]

In 1992, EMFA launched its inaugural member publication, the EMFA Newsletter, setting the stage for what would eventually become the AIMA Journal. This period marked the beginning of the association's engagement with regulatory and tax issues, which would become longstanding interests.

The year 1997 was pivotal for EMFA, as it transitioned to the Alternative Investment Management Association (AIMA), reflecting the diversification and growth of the industry it represented. The AIMA Journal replaced the EMFA Newsletter as the association's key publication.

Global Outreach[edit]

AIMA's global footprint expanded significantly in the years that followed. In 1999, it established its first National Group in Hong Kong. The turn of the millennium saw the introduction of the AIMA Regulatory Forum, a precursor to the AIMA Global Policy and Regulatory Forum. By 2000, AIMA had over 250 member firms. The early 2000s witnessed the launch of National Groups in Australia, Japan (2001), Canada, South Africa (2003), and Singapore (2004), among others.

The association celebrated its 15th anniversary in 2005 with 870 corporate members across 46 countries, demonstrating its increasingly global and diverse membership base.

Challenges and Recovery[edit]

The global financial crisis of 2007/8 had a profound impact on AIMA and the wider financial industry, leading to a decline in corporate membership. However, by 2010, the industry and AIMA began to recover, with membership rising again to over 1,200 firms.

Milestones and Innovations[edit]

Significant milestones in the following years included the establishment of the Alternative Credit Council (ACC) in 2014, the opening of offices in New York (2012), Shanghai (2016), Brussels (2018), and Washington DC (2019), and a comprehensive rebranding in 2016 that included the first logo change since 1997.

Present Status[edit]

As of 2017, AIMA concluded the year with nearly 2,000 corporate members, managing over $2 trillion in hedge fund or private credit assets, across more than 60 countries. This growth underscores AIMA's role as a leading global representative of the alternative investment industry, committed to advocating for the sector's interests and fostering a more understanding regulatory environment worldwide.

Organization and Influence[edit]

Membership[edit]

AIMA's membership base is diverse, including hedge fund managers, private equity firms, family offices, pension funds, endowments, and service providers such as law firms, accounting firms, and custodians. Members benefit from access to industry research, educational materials, advocacy efforts, and networking opportunities.[5]

Impact and Contributions[edit]

AIMA has played a significant role in shaping the global alternative investment landscape. Its contributions to policy discussions and regulatory debates have helped to foster a more stable and transparent industry environment. Through its educational initiatives, AIMA has also contributed to the professional development of thousands of industry practitioners.

Media[edit]

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AIMA maintains a YouTube page as well as one on Google Podcasts.[6] Google Podcasts is home to AIMA's The Long-Short podcast series, which "aims to provide a window into the world of alternative investments.[7] The Long-Short is also on Apple Podcasts, the Podtails and Spotify.[8][9][10]

The Long-Short Podcast[edit]

The Long-Short - 75. The crypto revolution continues!
Dive into the latest Long-Short Podcast episode, where Henri Arslanian, renowned crypto commentator, and Co-Founder of Nine Blocks Capital, unpacks the year's biggest stories. From the US's...

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The Long-Short - 59. Back to its best – Reflections from AIMA’s annual Singapore forum 2023
In this special episode, we recap the highlights from AIMA’s 2023 annual Singapore forum and hear from local fund manager, Ying Ren Ong about the key trends impacting the alternative investment ind...

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The Long-Short - 49. Is the hype around UAE's growth as a hedge fund hotspot justified?
The past year has seen plenty of noise regarding alternative investment funds migrating to the United Arab Emirates with some of the largest names in the industry among those setting up shop in the...

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The Long-Short - 78. Is India the next big play for alternative assets?
With its economy among the global top performers and poised to enter the world's top three within the next few years, India's asset management industry stands on the brink of extraordinary...

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Private Fund Advisors Rules[edit]

The Alternative Investment Management Association (AIMA), alongside other associations like the National Association of Private Fund Managers (NAPFM) and Managed Funds Association (MFA), filed lawsuits against the U.S. Securities and Exchange Commission (SEC) challenging certain rules that they argue exceed the SEC's statutory authority and are arbitrary, capricious, and otherwise unlawful. The challenges are specifically against the final Private Fund Advisers Rules adopted by the SEC on August 23, 2023, and rules requiring reporting and public disclosure of securities loans and short selling activity.

AIMA and its co-plaintiffs argue that these rules are detrimental to the alternative investment industry and the broader financial markets. They contend that the rules impose unreasonable restrictions, harming market efficiency, price discovery, and the ability of private fund managers to offer customized solutions to investors. Furthermore, the associations assert that the SEC's approach in formulating these rules was inconsistent and lacked a comprehensive cost-benefit analysis, undermining the market's resilience and failing to protect investors as intended.[11]

Governance[edit]

AIMA is governed by a board of directors composed of industry leaders and practitioners. The association operates through a global network of offices, with its headquarters in London and regional offices in key financial centers such as New York, Hong Kong, Singapore, and Tokyo.

Video[edit]

Key People[edit]

References[edit]

  1. Regulation. Alternative Investments Management Association.
  2. Asset managers face tighter SEC regulation. RSM.
  3. AIMA backs advancement of EU’s AIFMD reforms. Funds-Europe.com.
  4. History. Alternative Investment Management Association.
  5. Membership. Alternative Investments Management Association.
  6. Alternative Investment Management Association (AIMA). YouTube.
  7. The Long-Short. Google Podcasts.
  8. The Long-Short. Apple.
  9. The Long=Short. Spotify.
  10. The Long=Short. Podtail.com.
  11. Trade associations sue SEC over short selling, securities lending disclosure rules. Pensions & Investments.