WEST PALM BEACH, FL (HEDGECO.NET) – The Alternative Investment Management Association [AIMA] announced recently the opening of its branch office in Singapore. This move comes amidst strong growth ofhedge funds and other alternative investment instruments in the Asia Pacific region. According to published reports, the new Singapore establishment has more than 20 corporate memberships; this bodyincludes fund managers, institutional investors as well as other service providers.
The new chapter will have broad powers to elect its own executive committee, according to published reports. AIMA was established in 1920, as a non-profit trade association representing the interest of the alternative investment industry. Over the years the organization has become the global spokesman for the hedge fund industry as well, and policy makers often consult with AIMA in matters affecting Hedge fund regulations.
Today AIMA has members in 43 countries, with over 680 corporate members. Its corporate members are based in Europe, North America, the Middle East, Asia and Australia. The organization has regional chapters in Hong Kong, Japan and Australia; its core membership includes many of the industry’s leading institutional and privately owned, specialist fund managers.
AIMA�s stated goals are to increase investor education, transparency and promote due diligence and related best practices, and to work closely with regulators and interested parties in order to better promote and control the use of alternative investments.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]
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