The Alternative Investment Management Association has launched a Chinese translation of the first global hedge fund guide for institutional investors.
The Chinese version of Aima’s Roadmap to Hedge Funds was launched in Shanghai by the chairman of Aima Hong Kong and China, Christophe Lee.
The Roadmap was originally authored by Alexander Ineichen (of Ineichen Research & Management, formerly with UBS) and Kurt Silberstein of the California Public Employees’ Retirement Systems on behalf of Aima’s Investor Steering Committee. It was developed in association with the Chartered Alternative Investment Analyst Association.
The Roadmap has now been translated into Chinese with the aim of helping to inform the investment community in China on the function and benefits of hedge funds in a diversified investment portfolio.
It commences with a foreword by Alexa Lam (pictured), deputy chief executive officer and executive director for policy, China and investment products of the Securities and Futures Commission of Hong Kong, who has been promoting cooperation in financial strategies between China and Hong Kong.
Lee says: “The Roadmap is a practical guide written in a simple style avoiding jargon and we are delighted that we can now offer it in Chinese. We want to ensure that relevant and easy-to-use educational materials are readily available in China too, to help regulators and the investment community understand the sector, dispelling the misconceptions that typically arise as a new industry develops. We are sure that the translated Roadmap will act as a useful guide and Aima and our members will continue to be available to support the ongoing educational efforts in China.”
The Roadmap includes a definition of a hedge fund, information on historical growth and performance of hedge funds around the world, a breakdown of the various strategies used by managers and where the managers are located. It addresses the many myths which exist about hedge funds, aiming at demystifying the sector for new investors. Finally it goes into detail of how to build a hedge fund programme, including details of the various different strategies available.