AIMA Offers Revised Hedge Fund Administrator Guide

Sep 24 2009 | 2:38am ET

Though regulators around the world are poised to impose their own ideas of best practices upon the hedge fund industry, its leading lobbying group is continuing to hone its own self-regulatory effort to that effect.

The Alternative Investment Management Association and the Irish Funds Industry Association have put out a new version of the Guide to Sound Practices for Hedge Fund Administators.

The guide, first issued in 2004, has been updated to cover changes in valuation, tax and anti-money laundering rules.

“AIMA is very pleased to offer the latest guidance in hedge fund administration sound practices to the global hedge fund industry and all interested parties,” Andrew Baker, AIMA CEO, said. “The guide also represents the latest contribution by AIMA to the continuous development of industry standards that will benefit the entire investment community.”

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