The Alternative Investment Management Association (AIMA) has issued a press statement welcoming the principles for hedge fund regulation published by the International Organization of Securities Commissions (IOSCO).

However, in the press statement, Andrew Baker, AIMA CEO, did raise a few notes of caution. He said:

"We would stress that it is hedge fund managers, rather than the funds themselves, that should registered. It is also mentioned that hedge funds use derivatives for speculative purposes without stating that exchange-traded and over-the-counter derivatives are principally used by the relevant market participants for risk management purposes.

Finally, we are concerned that these recommendations may lead regulators to seek quantity rather than quality of data. It is important that regulators have the expertise and resources to deal with the data they receive."

View AIMA welcomes IOSCO hedge fund regulation principles, 22 June 2009