AIMA lobbie against SEC consultation paper

AIMA has issued a response in opposition to proposed registration by non-US entities, following a consultation paper issued by SEC called Implications of the Growth of Hedge Funds. According to AIMA, the majority of its members are already subject to efficient regulation in the places where they are established and/or operate and are opposed to the suggested additional registration of hedge fund advisers in the US as this would be an onerous process. See www.aima.org/uploads/SECSubmissionAIMA.pdf