A forum for small hedge fund management groups has been created by the Alternative Investment Management Association (Aima).
The Aima Smaller Managers’ Group will facilitate regular discussion of issues such as regulation, sound practices, due diligence, interactions with service providers and business pressures.
Its members consist of European hedge funds with less than $250m (€177m) in assets under management.
Andrew Baker, CEO of Aima, commented: “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… The new Smaller Managers’ Group will help us to represent their interests in the most relevant and constructive way possible.”
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