AIMA Continues Initiative on Hedge Fund Asset Pricing and Fund Valuation

Date: Thursday, November 30, 2006
Author: AIMA

AIMA CONTINUES INITIATIVE ON HEDGE FUND ASSET PRICING AND FUND VALUATION

London 30^th November, AIMA, the global trade association for hedge funds today confirmed that it plans to issue further guidelines on asset pricing and fund valuations shortly.

Following on the FSA’s letter yesterday on ‘Good Practices for the valuation of hedge funds’, AIMA confirms that it will be issuing a second substantive guide to asset pricing  and fund valuation in the New Year.

This follows on from its earlier guide issued in 2005 and is being completed by a global working party of industry practitioners.

AIMA has always been very clear on the need for effective asset pricing and fund valuation procedures that are open and transparent to all. It has issued recommendations, for instance, on governance asking for asset pricing and fund valuation practices to be clearly documented and reviewed on a regular basis.

Commenting on the FSA’s comments, Emma Mugridge, Director said, “We welcome the effort of the FSA in taking a sensible approach to this issue. On the back of our 20 Recommendations issued in 2005, we are in the process of developing these further, and we hope the enhanced Recommendations will be adopted by the industry.”

About AIMA

As the only truly representative global hedge fund association, AIMA, the Alternative Investment Management Association, has over 1,100 corporate members worldwide, based in 47 countries.

Members include leading hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting services and fund administrators.  They all benefit from AIMA’s active influence in policy development, its leadership in industry initiatives, including education and sound practice manuals and its excellent reputation with regulators, worldwide.

AIMA is a dynamic organisation that reflects its membership’s interests and provides them with a vibrant global network.

AIMA is committed to developing industry skills and education standards and is a co-founder of the Chartered Alternative Investment Analyst designation (CAIA) – the industry’s first and only specialised educational standard for alternative investment specialists.

For further information, please visit AIMA’s website www.aima.org.

For further information, please contact  Gordon McAra, AIMA, gmcara@aima.org or tel +44 (0)20 7659 9919 or Eoin Brophy, Hume Brophy Communications on +44 (0)20 7499 8736

Gordon McAra
Head of Communications
The Alternative Investment Management Association Limited (AIMA)
Meadows House,

Mobile: +44 (0)7920 258 102     

gmcara@aima.org