On 24 February 2009, the Alternative Investment Management Association (AIMA) published a press release announcing a major new transparency initiative. AIMA will support the principle of full transparency and supervisory disclosure of systematically significant positions and risk exposures by hedge fund managers to their national regulators (the regulator of the jurisdiction in which the manager is authorised).
The initiative is one of a series of policy positions in AIMA’s new policy platform. Other key new strands of the platform include:
- An aggregated short position disclosure regime to national regulators.
- Support for new policies to reduce settlement failure (including in the area of naked short selling).
- A global manager-authorisation and supervision template based on the model of the FSA and a call for unified global standards for the industry.
View AIMA announces new policy platform, 24 February 2009