Friday, February 27, 2009

AIMA Proposes Transparency and Cooperation Initiatives

The Alternative Investment Management Association ("AIMA"), a London-based association of hedge fund managers, has announced a new transparency initiative in favor of regular reporting to national regulators of large holdings and risk exposures. Other aspects of AIMA's new policy platform include support for:

  • disclosure to national regulators of aggregated short positions;
  • new policies to reduce settlement failure, including in the area of naked short selling;
  • creation of a global regulatory body to authorize and supervise fund managers;
  • creation of unified global industry standards