AIMA CEO Jack Inglis has commented on Rishi Sunak’s speech at Mansion House on the future roadmap for the UK’s financial services sector…

“AIMA welcomes Chancellor Rishi Sunak’s endorsement of the UK’s leading financial services industry, in which the alternative investment sector plays a crucial role. As the UK moves forward into a post-pandemic, post-Brexit future, the hedge fund and private credit industries stand ready to play their part in supporting economic growth by driving job creation, financing SMEs and offering superior risk-adjusted returns for investors.”

“Our UK members look after the money of investors from around the world, protecting and growing the capital that is entrusted to them. The government must therefore be ambitious in cultivating this industry in a way that benefits the whole country, while also reaffirming the UK’s credentials as a compelling jurisdiction for asset management firms to do business.”

“A multi-billion pound financing gap exists because many viable UK businesses – including those in innovative growth sectors such as fintech and healthcare – are being neglected by traditional bank lenders. This void is being filled by private credit funds and specialist lenders offering bespoke financing and business support services to businesses as they navigate the transition away from government pandemic support.”

“These proposals are laid out in more detail as part of a recently-published policy paper written by AIMA and its affiliate the Alternative Credit Council that offers a blueprint for empowering the alternatives investment sector to ensure the UK remains a global financial powerhouse in the long term.”