Aima wants exemption for hedge fund managers

Hedge fund managers should be exempted from a regime requiring improved disclosure of commission arr...

Hedge fund managers should be exempted from a regime requiring improved disclosure of commission arrangements to fund customers, the Alternative Investment Management Association (Aima) has told the FSA. Aima said the industry model under development is framed for pension fund interests, whose requirements and investment perspectives are very different from those of sophisticated hedge fund investors, the vast majority of which are domiciled outside the UK.