The Alternative Investment Management Association (AIMA), has responded to the European Commission’s Consultation Paper on hedge funds and called for a global response to the credit crisis.
Andrew Baker (AIMA, CEO), said: “…The Commission is right to address areas of concern about the hedge fund industry. I would say that many of these issues are not unique to hedge funds and should not be looked at in isolation. It is also important to stress that the hedge fund industry in Europe is currently regulated and that regulatory framework has shown itself to be robust in very difficult market conditions.”
View AIMA responds to Commission on hedge funds, 4 February 2009