18/07/2011
By Adam Cadle
A new forum for smaller managers has been formed by the Alternative Investment Management Association (AIMA) to discuss topics such as regulatory matters, due diligence, interactions with service providers and business pressure around hedge funds.
The AIMA Smaller Managers’ Group consists of AIMA manager member firms in Europe with $250 million or less in assets under management. Jim Kandunias, principal of Esemplia Emerging Markets, was appointed as its Chair.
AIMA CEO Andrew Baker said: “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.
“The reality is that all managers, regardless of size, need the proper regulatory and market infrastructure in order to thrive. As the global hedge fund industry association, AIMA will continue to represent the views of all managers and the industry as a whole.”
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