London 7th March 2007. The Alternative Investment Management Association (AIMA),
the leading global hedge fund and alternative investment industry association today
responded to a call from a US Assistant Secretary of the Treasury on hedge fund valuations.
Addressing the World Hedge Fund Forum in Connecticut on Tuesday, Assistant Secretary of the Treasury for Financial Markets Anthony Ryan called for fund valuations that meet sound industry practices and form part of each fund’s risk management process.
AIMA fully agrees with this sentiment and will shortly be launching its Guide to Sound Practices on Hedge Fund Valuation, which will address the issue of developing clear policies in relation to the valuation process.
Commenting on the assistant secretary’s comments, AIMA director Emma Mugridge said, “Mr Ryan has touched on a vital topic of interest to the whole hedge fund industry. Valuation risk is recognised by hedge fund managers. For the benefit of the funds as well as their investors, it is important that hedge funds employ sound valuation practices. This is why AIMA will be shortly publishing this major guidance work on valuations, building on the original study that we released in 2005â€Â.
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
