The Alternative Investment Management Association has said it supports the financial regulatory reform proposals put forward by the US Treasury.
The Alternative Investment Management Association has said it supports the financial regulatory reform proposals put forward by the US Treasury.
The proposals include both the registration of all hedge fund managers whose assets under management exceed a certain threshold and the regular reporting of information relevant to financial stability.
Todd Groome, Aima chairman, says: ‘We came out in favour of these principles early, since we believed it was important to show our commitment to work with policy makers and supervisors in the broader interest of financial stability. We wanted to continue to demonstrate to the G20 and national authorities that the hedge fund industry was serious about working closely with them to meet the objectives previously outlined by the G20.
‘We welcome the broad-based principles on regulatory reform produced by the Administration, and we believe that the proposals relating to hedge funds are closely aligned with our own policies announced in February.’
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