AIMA Welcomes G-20 Call For ‘Consistent’ Hedge Fund Regs.

Apr 27 2010 | 1:29pm ET

The hedge fund lobby is welcoming the Group of 20 finance ministers’ call for “consistent and coordinated oversight of hedge funds.”

It was the only mention of hedge funds in the communiqué issued Friday, but it was enough to bolster the optimism of the Alternative Investment Management Association.

“We were pleased to see the G-20 finance officials call again for a “consistent and coordinated” approach to the oversight of hedge funds,” Tood Groome, AIMA’s London chairman, said. “For a global industry, this is important, and is supportive of the goals set by the leaders.”

“While hedge funds are not themselves systemically important institutions, they can help provide systemically relevant data reporting in the interests of financial stability,” Groome added.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...