Trade body is established for multi-managers

A trade body for institutional multi-manager businesses launches this month, seeking to promote industry standards and encourage take-up of product by investors. The Association for Institutional Multi-Manager Investing (AIMMI) is looking to promote the concept of multi-manager, to educate trustees and consultants, to maintain standards within the industry and to monitor the activities of members. The association currently has four members: Attica Asset Management, Axa, Escher Teams and Northern Trust. 'It gives members a voice and a forum to discuss issues,' said AIMMI chairm...