Friday, 26 August 2016
Last updated 2 hours 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.