The Alternative Investment Management Association has welcomed the call by G20 finance officials for a consistent and coordinated approach to the oversight of hedge funds.

Todd Groome (pictured), chairman of Aima, says this is important for a global industry and is supportive of the goals set by global leaders.

“While hedge funds are not themselves systemically important institutions, they can help to provide systemically relevant data reporting in the interests of financial stability,” he says.
 
With regards to the Alternative Investment Fund Managers Directive, Groome says he hopes EU policymakers will take note of the G20’s call for a consistent and coordinated approach and seek to work more closely with the authorities in the jurisdictions where the overwhelming majority of hedge fund managers are located and the greatest supervisory experience exists.

He says there needs to be a well balanced and consistent regulatory framework for hedge funds and other alternative investment vehicles, without establishing unnecessary barriers to free and open markets and investor choice.