Tuesday, 23 September 2014
Last updated 48 min ago
Jul 18 2011 | 8:42am ET
The Alternative Investment Management Association, a hedge fund lobby group with 1,250 corporate members, has created a sub-group for its European members with US$250 million or less under management.
AIMA says the Smaller Managers' Group is expected to meet on a regular basis to discuss “issues of common concern” including regulations, sound practices, due diligence, interactions with service providers and business pressures.
The group held its first meeting earlier this month during which it appointed Jim Kandunias, principal of Esemplia Emerging Markets, as chair.
Andrew Baker, AIMA CEO, said: “It is well documented that smaller managers in general have faced considerable challenges since the financial crisis. But smaller managers are an important source of innovation and fresh ideas. Even today’s giants of the industry started out small.
“Smaller managers are very important to AIMA. More than half of our manager members globally have $250 million or less in assets under management. The new Smaller Managers’ Group will help us to represent their interests in the most relevant and constructive way possible.
AIMA’s members include hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting firms, investors, fund administrators and independent fund directors.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.