The Alternative Investment Management Association (AIMA) has responded to the statement on hedge funds that was produced after the G7 Finance Ministers meeting in Essen on 9/10 February 2007.

AIMA has welcomed the statement that hedge funds have contributed significantly to the efficiency of the financial system. However, AIMA also believes that G7 members need to have a better understanding of hedge fund trading activity. AIMA also notes that the G7 statement refers to the possible development of a voluntary code of conduct. AIMA is of the view that such an idea has neither relevance nor meaning in the context of the existing regulations.