AIMA publishes Guide for Hedge Fund Managers
The Alternative Investment Management Association (AIMA) recently published a revised Guide to Sound Practices for European Hedge Fund Managers, which is useful reading for hedge fund practitioners.
The Guide was initially published in 2002 to consider numerous practical aspects of the establishment and management of a hedge fund business in Europe and to recommend corresponding practices. It is meant as a practical business tool for hedge fund managers. The Guide also provides appropriate and useful information for the investors, regulators and professional service providers in the hedge fund industry.
The updated Guide was developed by the working party consisted of leading European Hedge Fund and Funds of Hedge Fund Managers, fund administrators, prime brokers as well as legal and auditing professionals.
The Guide to Sound Practices for European Hedge Fund Managers such key issues as:
- creating and managing a hedge fund business;
- portfolio administration and operational controls;
- investment process and portfolio risk management;
- raising capital and investor relations and hedge fund structures and organisation.
According to Florence Lombard, Executive Director of AIMA, the revised Guide reflects significant developments and provides guidance on the matters to be taken into consideration by a hedge fund manager.