AIMA calls on European Union

The industry body for hedge funds has called on European politicians to take heed of remarks by the G20 finance ministers, who said alternative investment vehicles needed “consistent and coordinated” regulation. Referring to forthcoming red tape on hedge funds, the Alternative Investment Managers’ Association said: “We hope EU policymakers will take note of the G20’s call and seek to work more closely with the authorities in the jurisdictions where the overwhelming majority of hedge fund managers are located.”