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Alternative Investment Management Association Canada has appointed Gary Ostoich as chair.

He succeeds Phil Schmitt who is stepping down after serving as chair for the past three years.

"I look forward to furthering the work of Aima Canada in fostering transparency, investor education, and best practices throughout the Canadian industry," says Ostoich. "I would like to recognise and thank Phil Schmitt for the important role he has played over the last three years in representing our industry and developing Aima Canada to its present level.'
   
Ostoich is president of Spartan Fund Management which manages a multi-strategy hedge fund based in Toronto. He has been a prominent figure in the Canadian hedge fund industry for many years, having become involved as a lawyer in the early 1990s when the Canadian alternatives market was in its infancy. He has been associated with Aima Canada since it was established in 2003 and played an integral role in its founding as one of the organisation's initial executive committee members.
   
Ostoich formerly served as a partner with the Toronto law firm McMillan and as a senior hedge fund executive.


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