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	<title>IAI Review.org &#187; Aima</title>
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	<description>Alternative Investment Industry</description>
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		<title>AIMA SAYS FINANCIAL TRANSACTION TAX COULD UNDERMINE EU SINGLE MARKETAIMA SAYS FINANCIAL TRANSACTION TAX COULD UNDERMINE EU SINGLE MARKET</title>
		<link>http://www.iaireview.org/2012/01/aima-says-financial-transaction-tax-could-undermine-eu-single-marketaima-says-financial-transaction-tax-could-undermine-eu-single-market/</link>
		<comments>http://www.iaireview.org/2012/01/aima-says-financial-transaction-tax-could-undermine-eu-single-marketaima-says-financial-transaction-tax-could-undermine-eu-single-market/#comments</comments>
		<pubDate>Tue, 17 Jan 2012 16:28:46 +0000</pubDate>
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				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[Aima]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=6772</guid>
		<description><![CDATA[
The proposed European Union financial transaction tax (FTT) could lead to a significant decrease in cross-border trading of financial instruments in the EU, undermining the single market, according to the Alternative Investment Management Association (AIMA), the global hedge fund association.  AIMA, which has carried out a comprehensive analysis of the proposed FTT, said there would be a significant slowdown in trading of financial instruments like shares, bonds and derivatives in the EU.
The AIMA analysis concluded that the FTT would have widespread, unintended damaging consequences. As well as undermining the EU’s single market, the FTT would be likely to reduce EU taxpayers’ savings and pensioners’ incomes, lead to a reduction in the level of investment in the real economy, send asset prices lower, widen spreads, hinder efficient price discovery and increase market volatility. 
The Commission’s own studies concluded that the FTT would leave the EU worse off by tens of billions of euros ...]]></description>
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		<title>AIMA EXPRESSES CONCERNS OVER ESMA’S AIFMD ‘THIRD COUNTRY’ PROPOSALS</title>
		<link>http://www.iaireview.org/2011/09/aima-expresses-concerns-over-esma%e2%80%99s-aifmd-%e2%80%98third-country%e2%80%99-proposals/</link>
		<comments>http://www.iaireview.org/2011/09/aima-expresses-concerns-over-esma%e2%80%99s-aifmd-%e2%80%98third-country%e2%80%99-proposals/#comments</comments>
		<pubDate>Mon, 26 Sep 2011 16:01:13 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[Aima]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=6261</guid>
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London – 26 September 2011: The Alternative Investment Management Association (AIMA), the global hedge fund association, has expressed concerns over how the Alternative Investment Fund Managers Directive (AIFMD) would apply to non-EU managers and funds under proposals by a task force of the European Securities and Markets Authority (ESMA).  ESMA is responsible for giving advice on specific rules and regulations that will enable the AIFMD to be implemented under an on-going process known as ‘level 2’. AIMA said the latest proposals went further than what was required &#8211; or even permitted &#8211; by the ‘level 1’ legislation agreed last year by the European Council, the European Commission and Members of the European Parliament. The Directive is scheduled to take effect in July 2013. 
In its response to an ESMA consultation exercise on the third country issues, AIMA said the proposed measures, if enacted, could have the practical effect of preventing EU investors ...]]></description>
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		<title>NO HEDGE FUND TODAY SHOULD BE DEEMED “SYSTEMICALLY IMPORTANT”: AIMA</title>
		<link>http://www.iaireview.org/2011/07/no-hedge-fund-today-should-be-deemed-%e2%80%9csystemically-important%e2%80%9d-aima/</link>
		<comments>http://www.iaireview.org/2011/07/no-hedge-fund-today-should-be-deemed-%e2%80%9csystemically-important%e2%80%9d-aima/#comments</comments>
		<pubDate>Thu, 07 Jul 2011 09:57:31 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[Aima]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=5897</guid>
		<description><![CDATA[
No hedge fund firm today should be designated a “systemically important financial institution” by regulatory authorities, according to the Alternative Investment Management Association (AIMA), the global hedge fund association.
As the Financial Stability Oversight Council considers and is expected to clarify soon the criteria by which it will determine which non-bank financial companies may be deemed systemically important, and thus subject to increased regulatory scrutiny, including additional oversight by the Federal Reserve, AIMA re-iterated its strong belief that no hedge fund manager based or operating in the US or elsewhere currently poses a risk to financial stability. 
“We believe that no single hedge fund firm today is sufficiently large, leveraged, complex or interconnected that its failure or financial stress would cause a market disruption sufficient to destabilise the financial system,” said AIMA Chairman Todd Groome.
“We note that the UK’s Financial Services Authority has stated that, based on their risk reporting framework, none ...]]></description>
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		<title>AIMA’s INVESTOR STEERING COMMITTEE PUBLISHES NEW GUIDE FOR INSTITUTIONAL INVESTMENT</title>
		<link>http://www.iaireview.org/2011/06/aima%e2%80%99s-investor-steering-committee-publishes-new-guide-for-institutional-investment/</link>
		<comments>http://www.iaireview.org/2011/06/aima%e2%80%99s-investor-steering-committee-publishes-new-guide-for-institutional-investment/#comments</comments>
		<pubDate>Wed, 01 Jun 2011 13:44:15 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[Aima]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=5788</guid>
		<description><![CDATA[
The Alternative Investment Management Association (AIMA), the global hedge fund association, has published a guide for investors and managers, written by members of AIMA’s Investor Steering Committee (ISC), that reflects preferences and priorities for institutional investors and investment allocations.
The aim of the guide is to outline investor views, expectations and preferences on a variety of important operational and organisational issues, which are increasingly the focus of due diligence reviews and discussion among investors and fund managers. 
The authors of the guide are Kurt Silberstein (CalPERS), Luke Dixon (USS), Michelle McGregor Smith (BA Pension Investment Management), Andrea Gentilini (UBP), and Adrian Sales (Albourne Parners). AIMA’s ISC is jointly chaired by current AIMA Chairman Todd Groome and former AIMA Chairman Christopher Fawcett of Fauchier Partners.
AIMA Chairman Todd Groome said: “AIMA is very pleased to sponsor this paper, outlining institutional investor views regarding a number of important areas of operational and organisational ‘infrastructure’, which ...]]></description>
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		<title>AIMA WARNS OF ECONOMIC IMPACT OF EU NAKED CDS BAN</title>
		<link>http://www.iaireview.org/2011/03/aima-warns-of-economic-impact-of-eu-naked-cds-ban/</link>
		<comments>http://www.iaireview.org/2011/03/aima-warns-of-economic-impact-of-eu-naked-cds-ban/#comments</comments>
		<pubDate>Wed, 09 Mar 2011 14:44:13 +0000</pubDate>
		<dc:creator>staff</dc:creator>
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		<guid isPermaLink="false">http://www.iaireview.org/?p=5106</guid>
		<description><![CDATA[London – 7 March 2011: EU policymakers should consider the economic impact of potential restrictions on credit default swaps in sovereign debt. That’s according to the Alternative Investment Management Association (AIMA), the global hedge fund association.
The warning comes ahead of a key vote in the European Parliament’s Economic and Monetary Affairs Committee today, which is expected to consider amendments imposing severe restrictions or bans on uncovered (or ‘naked’) credit default swaps in sovereign debt.
AIMA CEO Andrew Baker said: “AIMA fully supports the reform of the derivatives markets, including the introduction of central clearing of OTC derivatives, greater transparency as well as full disclosure of positions to regulators. However, it makes little sense to single out one particular derivative contract. There should be recognition of the fact that the market cannot function properly without liquidity providers who may enter in and out of the contract without hedging any underlying risk exposure. ...]]></description>
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		<title>AIMA RESPONDS TO NEW EUROPEAN COMMISSION PROPOSALS  ON SHORT SELLING AND OTC DERIVATIVES</title>
		<link>http://www.iaireview.org/2010/09/aima-responds-to-new-european-commission-proposals-on-short-selling-and-otc-derivatives/</link>
		<comments>http://www.iaireview.org/2010/09/aima-responds-to-new-european-commission-proposals-on-short-selling-and-otc-derivatives/#comments</comments>
		<pubDate>Wed, 15 Sep 2010 13:45:45 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[Aima]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=3579</guid>
		<description><![CDATA[The Alternative Investment Management Association (AIMA) – the global hedge fund industry association – says the proposals on short selling and over-the-counter (OTC) derivatives published today by the European Commission could help remove uncertainty and confusion in the market.
However, AIMA said the proposals contained a number of flaws that it hoped would be addressed. The short-selling proposals, which apply to credit default swaps (CDS) as well as to publicly traded securities, will create harmonised, pan-European rules on short selling, while the OTC derivatives reforms will mandate central clearing of eligible contracts. 
AIMA CEO Andrew Baker said: “In the interests of international regulatory consistency it is desirable that the Commission is harmonising rules in both these fields. One of the major problems that the industry has faced in respect of short-selling regulation was that some EU jurisdictions acted unilaterally and arbitrarily in imposing and then lifting bans. A common regime that ...]]></description>
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		<slash:comments>0</slash:comments>
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		<title>AIMA TO RESPOND TO FSA ON REMUNERATION</title>
		<link>http://www.iaireview.org/2010/09/aima-to-respond-to-fsa-on-remuneration/</link>
		<comments>http://www.iaireview.org/2010/09/aima-to-respond-to-fsa-on-remuneration/#comments</comments>
		<pubDate>Wed, 15 Sep 2010 13:18:44 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[Aima]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=3568</guid>
		<description><![CDATA[The Alternative Investment Management Association (AIMA) – the global hedge fund industry association – is to respond to the UK’s Financial Services Authority’s consultation on remuneration.
The FSA published its Consultation Paper, “Revising the Remuneration Code”, following changes to the European Union’s Capital Requirements Directive (CRDIII). The paper proposes changes to the FSA’s existing Remuneration Code, which was introduced on January 1st 2010 and currently applies to 27 of the largest banks, building societies and broker dealer firms. Following the amendments proposed, it could cover approximately 2,500 firms, including those defined as MiFID investment firms, such as hedge funds. 
The remuneration provisions of CRD III include a ‘proportionality’ clause stating that it should be applied to firms in a way which is ‘proportionate to their size, internal organisation and the nature, the scope and the complexity of their activities’, and the FSA has said it will seek to abide by this ...]]></description>
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		<slash:comments>0</slash:comments>
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		<title>AIMA STATEMENT ON U.S. FINANCIAL REFORM</title>
		<link>http://www.iaireview.org/2010/06/aima-statement-on-u-s-financial-reform/</link>
		<comments>http://www.iaireview.org/2010/06/aima-statement-on-u-s-financial-reform/#comments</comments>
		<pubDate>Mon, 28 Jun 2010 14:29:28 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[Aima]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=2794</guid>
		<description><![CDATA[“AIMA, as the global hedge fund association, has worked throughout the past two years with U.S. and other national and international policy officials and supported efforts to develop regulatory reforms designed to improve financial stability in light of the financial crisis. Our industry did not cause the crisis, and was as negatively impacted as any sector. Nevertheless, as a mature industry, representing investment managers and other professionals throughout this global industry, we have acted to support improvements in our regulatory framework and in financial stability. 
“In our policy platform of February 2009, we expressed support for the registration of hedge fund managers and the reporting by managers of systemically relevant information to supervisors in the interests of helping public authorities better assess financial stability. The G20 later endorsed this approach, and has repeatedly called for a consistent and coordinated regulatory agenda.
“The agreement on Friday by U.S. legislators on financial reform, ...]]></description>
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		<slash:comments>0</slash:comments>
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		<title>AIMA STATEMENT ON ECON AND ECOFIN AIFMD VOTES</title>
		<link>http://www.iaireview.org/2010/05/aima-statement-on-econ-and-ecofin-aifmd-votes/</link>
		<comments>http://www.iaireview.org/2010/05/aima-statement-on-econ-and-ecofin-aifmd-votes/#comments</comments>
		<pubDate>Wed, 19 May 2010 15:41:13 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[Aima]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=1999</guid>
		<description><![CDATA[“AIMA, as the global hedge fund association, fully supports the regulatory goals of the EU’s Alternative Investment Fund Managers Directive. It is desirable both to increase transparency and to improve systemic risk assessment in the interests of financial stability.  
“However, we are concerned that many of the proposals in the texts of the Directive discussed by the European Parliament’s Economic and Monetary Affairs Committee (ECON) and European finance ministers at the ECOFIN meeting are impractical and unworkable.
“In particular, it seems that the process of negotiation in ECON was so highly-politicised that it took little note of the legal and practical feasibility of the compromise amendments put forward. For example, Article 35a now prohibits investors from investing in third country funds unless the jurisdiction of the fund meets a list of various conditions which have very little to do with prudential regulation.  It is questionable whether, today, every EU Member State ...]]></description>
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		<slash:comments>0</slash:comments>
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		<title>AIMA WARNS OF WIDER IMPACT OF AIFM DIRECTIVE</title>
		<link>http://www.iaireview.org/2010/05/aima-warns-of-wider-impact-of-aifm-directive/</link>
		<comments>http://www.iaireview.org/2010/05/aima-warns-of-wider-impact-of-aifm-directive/#comments</comments>
		<pubDate>Fri, 14 May 2010 14:19:21 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[Aima]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=1890</guid>
		<description><![CDATA[London – 14 May 2010: If the European Union pushes through a flawed Directive on Alternative Investment Fund Managers the impact will go far beyond the hedge fund and private equity industries. That’s according to the Alternative Investment Management Association (AIMA) – the global hedge fund industry association.  
The warning comes ahead of two key votes next week on the Directive &#8211; in the European Parliament’s Economic and Monetary Affairs Committee (ECON) on May 17th and the Economic and Finance Council (ECOFIN) meeting of European finance ministers on May 18th.
Andrew Baker, Chief Executive Officer of AIMA, said: “Of course the hedge fund and private equity industries would be impacted by a flawed Directive, but the consequences would be much wider. We have already heard how the Directive would hit small firms across Europe and make it more difficult for new businesses to be created, and how development banks investing in ...]]></description>
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