AIMA to Respond to IOSCO Consultation Report

Date: Thursday, March 15, 2007
Author: Albourne Village

London 14th March 2007. The Alternative Investment Management Association (AIMA), the leading global hedge fund and alternative investment industry association today announced that it will respond to new IOSCO valuation proposals.

Following on IOSCO’s release of a Consultation Report on the Principles for the Valuation of Hedge Fund Portfolios, AIMA has responded positively to the Report and its contents.

AIMA will also be issuing its Guide to Sound Practices for Hedge Fund Valuation next week which will include 15 Recommendations for the industry and its investors. The Guide will be shared with all regulators, fiscal and governmental authorities on its release and demonstrates the proactive role that the hedge fund industry has taken on this and other topics.

Commenting on the IOSCO report, AIMA Director Emma Mugridge, said, “We are pleased to see that IOSCO’s proposed principles are along the same lines as our own Recommendations. We will be working closely with our members to formulate a constructive response to IOSCO’s proposals. We believe that the concerted effort by the industry and regulatory community sets a fine example of sound cooperation, which works to the benefit of all.”

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 46 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.