Former SEC Member Named AIMA Chairman

Sep 21 2012 | 11:05am ET

A former Securities and Exchange Commissioner and opponent of stricter hedge fund regulations has joined the Alternative Investment Management Association as its new non-executive chairman.

The London-based lobby group said that Kathleen Casey had succeeded Todd Groome, whose four-year term is expiring. Casey, a Republican, was appointed to the SEC by former President George W. Bush in 2006 and stepped down from the commission last year. She was the only one of the four SEC commissioners to vote against proposing a rule requiring hedge funds to register last year, a rule required by the Dodd-Frank financial regulation law.

Prior to joining the SEC, Casey, a lawyer, spent 13 years on Capitol Hill, working for the Senate Committee on Banking, Housing and Urban Affairs and Sen. Richard Shelby (R-Ala.)

"As we move internationally from a period of legislative drafting to regulatory implementation, her enormous experience will be invaluable," AIMA CEO Andrew Baker said of Casey.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...