Wednesday, 28 January 2015
Last updated 7 hours ago
Jan 28 2011 | 8:41am ET
Hedge fund managers are ‘rigorously’ regulated, according to the Alternative Investment Management Association, a group representing 1,200 corporate members.
“All the major jurisdictions where hedge fund managers operate—whether in North America, Europe or Asia-Pacific—have rigorous regulation of the industry. And this already rigorous regulation is being increased by new legislation introduced since the crisis—for example the Dodd-Frank Act in the United States, and the Alternative Investment Fund Managers Directive in the European Union,” said Andrew Baker, CEO, AIMA.
AIMA said it was responding to “some recent references to the ‘un-regulated’ financial sector internationally” that “have been interpreted as referring to hedge funds.”
The industry association has supported G20 regulatory initiatives for hedge funds, agreeing that all hedge fund managers should be registered by their national regulators, and that managers should report systemically relevant data to those regulators in the interests of financial stability.
“It’s also worth noting that because the G20 has declared that no financial market, participant or instrument should go un-regulated and is delivering on this promise, no major financial services sector globally can remain ‘un-regulated.’”
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…